Marcus Corp Elects David J. Marcus as Director

By Philip Seaworth • Wednesday, November 12 16:28 • Permanent Link

Marcus Corporation (NYSE: MCS) has recently elected David J. Marcus as a director of the company. David Marcus is the Chief Executive Officer of Marcus Investments LLC, a private investment firm specializing in restaurant hospitality, real estate ventures, and retail. He also serves as the chairman of the Marcus Corporation Foundation and is the brother of Gregory S. Marcus, the Chairman and Chief Executive Officer of Marcus Corporation.

The company's theatre division, Marcus Theatres®, currently owns or operates 985 screens at 78 locations in 17 states under the Marcus Theatres, Movie Tavern® by Marcus, and 1BistroPlex® brands. This marks a significant increase from the previous period. Additionally, its lodging division, Marcus® Hotels & Resorts, owns and/or manages 16 hotels, resorts, and other properties in eight states.

David Marcus' strategic vision, financial acumen, and experience managing a diverse portfolio of businesses are expected to be additive to the board's oversight as the company continues to grow the impact of Marcus Theatres and Marcus Hotels & Resorts. His nomination to the board of directors continues the family's long history of active stewardship of the company. As a result of these announcements, the company's shares have moved 1.83% on the market, and are now trading at a price of $16.09. Check out the company's full 8-K submission here.

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