The Macerich Company (MAC) Proxy Filing summary

Executive summary

• Annual meeting scheduled for June 2, 2025, to be held virtually, with voting on director elections, executive compensation, and auditor ratification.

• Eight director nominees, including two new appointees, are up for election to serve until the 2026 annual meeting.

• Core values emphasize excellence, relationships, optimism, integrity, empowerment, and sustainability.

• Business highlights include 94.1% portfolio occupancy, $915 psf average tenant sales, 104 new store leases, and a #1 GRESB ranking for North American retail for the 10th year.

Voting matters and shareholder proposals

• Proposals include election of eight directors, advisory approval of executive compensation, and ratification of KPMG LLP as independent auditor.

• Board recommends voting FOR all proposals.

• Shareholders may submit proposals for future meetings, with specific deadlines and requirements outlined.

Board of directors and corporate governance

• Seven of eight director nominees are independent; all key committees are fully independent.

• Board refreshment ongoing, with over 60% of nominees elected since 2018.

• Annual board, committee, and director evaluations are conducted, with a focus on succession planning and diversity.

• Proxy access and majority voting standards are in place; no poison pill or stockholder rights plan.

• Independent Chairman leads the board, and executive sessions are held after each regular meeting.