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AI brief of an SEC Form 8-K · Macerich (MAC)

Macerich names Daniel Swanstrom CFO effective November 16, 2024; Kingsmore departs

Neutral Impact 4 of 5 leadership Written later

Macerich said Daniel E. Swanstrom II will become Senior Executive Vice President, Chief Financial Officer and Treasurer effective November 16, 2024, replacing Scott Kingsmore, who will move to Senior Advisor and leave the company on December 31, 2024. The filing describes Swanstrom's real estate finance background and sets out his compensation, including a $600,000 base salary and a $1,500,000 sign-on equity grant.

Key points

  • Daniel E. Swanstrom II, 47, was previously Founder and Managing Member of DES Partners, LLC and CFO of CorePoint Lodging Inc.
  • Scott W. Kingsmore departs December 31, 2024, and will receive a $100,000 monthly consulting fee for January 1 to March 31, 2025.
  • Swanstrom's sign-on LTIP grant has a grant date fair value of $1,500,000 and vests ratably over three years; his 2024 bonus is a fixed $375,000 in cash.

The filing

CompanyMacerich (MAC)
Form8-K, current report
Filed with the SECNov 6, 2024, 6:45 AM ET
Accession number0001193125-24-251674

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.