Macy’s, Inc. in its agreement with Arkhouse providing for the withdrawal of Arkhouse’s proxy contest for a control slate

On April 10, 2024, Macy’s, Inc. (NYSE: M) announced that it has entered into an agreement with Arkhouse Management Co. LP providing for the withdrawal of Arkhouse’s previously announced proxy contest for a control slate at Macy’s.  Pursuant to the agreement, Macy’s appointed two new independent directors, Richard Clark and Richard L. Markee, to its Board of Directors.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Macy’s.