MACY'S, INC. : Change in Directors or Principal Officers (form 8-K)
July 10, 2020 at 04:41 pm EDT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On July 9, 2020, following approval by the Compensation and Management
Development (CMD) Committee of the Board of Directors of Macy's, Inc. ("Macy's"
or the "Company"), Danielle L. Kirgan, Chief Transformation Officer of Macy's,
was awarded a transformation grant of restricted stock units ("RSUs") with a
grant date value of $1,750,000 under the Macy's 2018 Equity and Incentive
Compensation Plan. Each RSU represents the right to receive, upon vesting, one
share of Macy's common stock. The RSUs vest in two tranches: one-third on the
first anniversary of the grant date and two-thirds on the second anniversary of
the grant date. Each tranche of RSUs is non-transferrable for one year following
vesting (other than to pay withholding taxes upon vesting).
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Macy's, Inc.
Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Belgique, Cerulean 6, Charter Club, Club Room, Epic Threads, Family PJ's, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, and others.
MACY'S, INC. 
