Macy's claws back over $600K in exec bonuses [Yahoo! Finance]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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macysinc.com/ir
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Source: Yahoo! Finance
Macy's is clawing back over $600,000 in executive bonus compensation after determining its previously reported $151 million accounting error led to overinflated pay , according to a securities filing. The New York-based department store chain tied executives' cash bonuses to adjusted 2023 EBITDA, among other metrics; given the $151 million error correction, EBITDA for that year was overstated by just over $81 million, which shifted overall payout under the company's 2023 annual incentive plan, or STI plan, from “60.47% to 51.59% of target,” according to the filing Tuesday with the Securities and Exchange Commission. As a consequence, the company issued “erroneously awarded compensation of $609,613” under its 2023 STI plan, accordi
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News
- Why Is Macy's (M) Stock Rocketing Higher Today [Yahoo! Finance]Yahoo! Finance
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- Walmart CEO Doug McMillon is a rare beacon of confidence amid tariff woes—and sees a chance to grab market share [Yahoo! Finance]Yahoo! Finance
- Trump tariffs will lead to abandoned freight at ports as cash-strapped businesses reject orders [CNBC]CNBC
- Walmart CEO Doug McMillion is a rare beacon of confidence amid tariff woes—and sees a chance to grab market share [Fortune]Fortune
M
Earnings
- 3/6/25 - Beat
M
Sec Filings
- 4/9/25 - Form 8-K
- 4/7/25 - Form 4
- 4/7/25 - Form 4
- M's page on the SEC website