- Current report filing (8-K)
February 25 2009 - 4:31PM
Edgar (US Regulatory)
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 25, 2009
THE
MACERICH COMPANY
(Exact Name of Registrant as Specified in its Charter)
Maryland
|
|
1-12504
|
|
95-4448705
|
(State or Other Jurisdiction of Incorporation or Organization)
|
|
(Commission File Number)
|
|
(I.R.S. Employer Identification No.)
|
|
|
|
|
|
401 Wilshire Boulevard, Suite 700
|
|
|
Santa Monica, California
|
|
90401
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
(310) 394-6000
(Registrants Telephone
Number, Including Area Code)
Not applicable
(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
.
The
Macerich Company (the Company) has committed to a plan to reduce its workforce
by 142 employees out of a total of approximately 2,845 regular and temporary
employees and expects to complete this reduction during the first quarter of
2009. This reduction in workforce is a result of the Companys review and
realignment of its strategic priorities, including its expectation for reduced
development and redevelopment in the near future.
The
Company expects to incur total charges of approximately $5 million in
connection with this workforce reduction and will recognize all of these charges
in the first quarter of 2009. These charges
were considered in the Companys recently announced 2009 earnings guidance
range.
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/ Richard A. Bayer
|
Date:
|
February 25,
2009
|
|
|
Richard A. Bayer
|
|
|
|
Senior Executive Vice President,
|
|
|
|
Chief Legal Officer and Secretary
|
|
|
|
|
|
3
Macerich (NYSE:MAC)
Historical Stock Chart
From May 2024 to Jun 2024
Macerich (NYSE:MAC)
Historical Stock Chart
From Jun 2023 to Jun 2024