The Macerich Company (MAC) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on June 1, 2026, with voting on director elections, executive compensation, auditor ratification, and other business.

• Shareholders of record as of March 27, 2026, are entitled to vote, with each share granting one vote per proposal.

• The company emphasizes core values such as excellence, integrity, empowerment, and ESG responsibility.

• Business highlights include 94% portfolio occupancy, $1.3B in dispositions, and recognition for ESG efforts.

Voting matters and shareholder proposals

• Shareholders will vote on the election of eight directors, a non-binding advisory vote on executive compensation, and ratification of KPMG LLP as auditor.

• The 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 committee members are independent.

• Board committees include Audit, Compensation, Nominating and Corporate Governance, Executive, and Capital Allocation.

• Annual board and committee evaluations are conducted, and succession planning is a priority.

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

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