On March 25, 2026, Macy's, Inc. disclosed in an 8-K filing that three members of its Board of Directors, Richard Clark, Douglas W. Sesler, and Tracey Zhen, have decided not to seek re-election at the upcoming annual meeting scheduled for May 15, 2026. This decision was made without any disputes or disagreements regarding the company's operations or policies. In light of these changes, the Board has approved a reduction in its size from 13 to 10 members, effective at the annual meeting. This restructuring is part of the company's ongoing efforts to enhance efficiency and align the Board's composition with its current strategic focus. The company regularly reviews its Board size to ensure it meets the evolving needs of the organization while maintaining flexibility for future adjustments. The changes reflect Macy's commitment to governance best practices and its strategic direction as it navigates the retail landscape.

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