0001193125-17-043480.txt : 20170214 0001193125-17-043480.hdr.sgml : 20170214 20170214162249 ACCESSION NUMBER: 0001193125-17-043480 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170213 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170214 DATE AS OF CHANGE: 20170214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACERICH CO CENTRAL INDEX KEY: 0000912242 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954448705 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12504 FILM NUMBER: 17609287 BUSINESS ADDRESS: STREET 1: 401 WILSHIRE BLVD STREET 2: STE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3103946000 MAIL ADDRESS: STREET 1: 401 WILSHIRE BLVD SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 8-K 1 d347501d8k.htm 8-K 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 13, 2017

 

 

THE MACERICH COMPANY

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Maryland   1-12504   95-4448705

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

401 Wilshire Boulevard, Suite 700,

Santa Monica, California

   90401
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (310) 394-6000

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

ITEM 7.01 REGULATION FD DISCLOSURE.

On February 13, 2017, The Macerich Company, a Maryland corporation (the “Company”), issued a press release announcing that its Board of Directors has authorized the repurchase of up to $500 million of the Company’s outstanding common shares as market conditions and the Company’s liquidity warrant. The usage of this repurchase program is not anticipated to change the recently issued 2017 earnings guidance. Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including accelerated stock repurchase transactions, or other methods of acquiring shares and pursuant to Rule 10b5-1, from time to time as permitted by securities laws and other legal requirements.

A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and incorporated by reference into this Item 7.01.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

 

99.1    Press Release, dated February 13, 2017, regarding the Company’s authorization to repurchase common stock.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

   

THE MACERICH COMPANY

(Registrant)

    By:   /s/ Thomas J. Leanse
Date: February 14, 2017       Thomas J. Leanse
     

Senior Executive Vice President,

Chief Legal Officer and Secretary

EXHIBIT INDEX

 

Exhibit
Number

   

Description

99.1    Press Release, dated February 13, 2017, regarding the Company’s authorization to repurchase common stock.
 EX-99.1 2 d347501dex991.htm EX-99.1 EX-99.1
PRESS RELEASE     Exhibit 99.1   

FOR: THE MACERICH COMPANY

MACERICH ANNOUNCES $500 MILLION SHARE REPURCHASE PROGRAM

SANTA MONICA, Calif., February 13, 2017 - The Macerich Company (NYSE Symbol: MAC) today announced that the Company’s Board of Directors has authorized the repurchase of up to $500 million of its outstanding common shares as market conditions and the Company’s liquidity warrant. The usage of this repurchase program is not anticipated to change the recently issued 2017 earnings guidance. Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including accelerated stock repurchase transactions, or other methods of acquiring shares and pursuant to Rule 10b5-1, from time to time as permitted by securities laws and other legal requirements.

ABOUT MACERICH: Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 54 million square feet of real estate consisting primarily of interests in 48 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago and the Metro New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.

###

CONTACTS:

Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer, 310-394-6000

John Perry, Senior Vice President-Investor Relations, 424-229-3345

Jean Wood, Vice President-Investor Relations, 424-229-3366