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Form 8-K MACERICH CO For: Sep 30

October 1, 2015 6:03 AM EDT

 

 

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):  September 30, 2015

 

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:

 

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

 

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

 

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

 

o            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 September 30, 2015, 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 $1.2 billion of the Company’s outstanding common shares over the next 24 months as market conditions warrant.  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.  This press release shall not be deemed to be “filed” with the SEC or incorporated by reference into any other filing with the SEC.

 

ITEM 9.01                                  FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits

 

99.1

 

Press Release, dated September 30, 2015, regarding the Company’s authorization to repurchase common stock.

 

2



 

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:   September 30, 2015

 

Thomas J. Leanse

 

 

Senior Executive Vice President,

Chief Legal Officer and Secretary

 

3



 

EXHIBIT INDEX

 

Exhibit

 

 

Number

 

Description

99.1

 

Press Release, dated September 30, 2015, regarding the Company’s authorization to repurchase common stock.

 

4


Exhibit 99.1

 

PRESS RELEASE

 

FOR:      THE MACERICH COMPANY

 

MACERICH ANNOUNCES $1.2 BILLION SHARE REPURCHASE PROGRAM

 

SANTA MONICA, Calif., September 30, 2015 - The Macerich Company (NYSE Symbol: MAC) today announced that the Company’s Board of Directors has authorized the repurchase of up to $1.2 billion of its outstanding common shares over the next 24 months as market conditions warrant.  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 55 million square feet of real estate consisting primarily of interests in 51 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.

 

###

 

CONTACT:

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

 




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