Marcus Corp SEC Filings

Marcus Corp (MCS) received an amended Schedule 13G filing showing that Orbis Investment Management Limited and Allan Gray Australia Pty Ltd collectively reported beneficial ownership of 1,774,701 common shares, representing 7.3% of the class as of 09/30/2025.

Orbis reported 1,750,208 shares with sole voting and dispositive power; Allan Gray Australia reported 24,493 shares with sole voting and dispositive power. The filers are classified as Non‑U.S. Institutions equivalent to investment advisers and certify the holdings were acquired and are held in the ordinary course, not to change or influence control.

The Marcus Corporation expanded its Board to 12 directors and elected David J. MarcusNovember 5, 2025. His initial term runs until the Company’s 2026 annual meeting, and he was not appointed to any Board committee at the time of election.

Mr. Marcus will receive the Company’s standard non‑employee director compensation, including a pro‑rated portion of the annual meeting stock grant retainer, effective as of November 5, 2025. He is the brother of Gregory S. Marcus (Chairman, President and CEO), the son of Stephen H. Marcus (Chairman Emeritus), and the nephew of Diane Marcus Gershowitz (director). The Company stated there are no arrangements or understandings pursuant to which he was appointed.

Mr. Marcus serves as CEO and a director of Marcus Investments, LLC. During fiscal 2025 through September 30, 2025, the Company paid approximately $347,340 to Marcus Investments and related entities for licensing fees and hospitality products and received approximately $15,406 for administrative services.

Marcus Corp (MCS) Form 4: Director David John Marcus reported an acquisition of 911 shares of common stock on 11/05/2025 at a price of $0, described as granted for board service. Following this transaction, he beneficially owns 100,911 shares of common stock, held directly.

He also reports 1,681 shares of Class B Common Stock, which are immediately exercisable, have no expiration date, and are convertible into common stock on a 1‑for‑1 basis.

Marcus Corp (MCS) disclosed an insider ownership update: a Form 3 initial statement for director David John Marcus dated 11/05/2025.

He beneficially owns 100,000 shares of Common Stock (direct). He also holds 1,681 shares of Class B Common Stock that are immediately exercisable, have no expiration, and convert into Common Stock on a 1-for-1 basis at no cost. Class B carries 10 votes per share versus one vote for Common Stock.

The Marcus Corporation (MCS) reported Q3 2025 results. Total revenues were $210.2 million, down 9.7% year over year, as softer blockbuster performance weighed on theatres. Net earnings were $16.2 million with diluted EPS of $0.52 for Common Stock. Year‑to‑date, revenues reached $565.0 million and net earnings were $6.7 million with diluted EPS of $0.21.

Theatres generated $119.9 million of Q3 revenue and $12.3 million of operating income as attendance lagged last year’s strong slate. Hotels/Resorts delivered $90.1 million of revenue and $16.4 million of operating income, modestly above the prior year. Other income benefited from a $4.5 million property insurance settlement.

Cash and cash equivalents were $7.4 million at quarter end. Long‑term debt totaled $162.0 million, including $150.0 million of senior notes. The company had $13.0 million outstanding on its $225.0 million revolver with $206.6 million of availability; revolving borrowings bore interest near 5.87% at September 30, 2025. Operating cash flow for the first nine months was $35.4 million, funding $60.8 million of capital expenditures.

The Marcus Corporation (MCS) reported two updates. The company announced its financial results for the third quarter ended September 30, 2025, and its Board of Directors authorized the repurchase of up to 4,000,000 additional shares of common stock under the previously announced share repurchase program.

The results were released via a press release furnished as Exhibit 99.1. The expanded authorization outlines the maximum number of additional shares the company may repurchase; actual activity would occur under the existing program and at the company’s discretion. The filing does not include detailed financial figures; those are contained in the press release.

Marcus Corporation reporting person Stephen H. Marcus recorded transactions on 10/08/2025 that change his indirect and trustee-held stakes in the company. A total of 4,399,350 Class B shares previously held by two LLCs were reported as convertible into common stock and are shown as beneficially owned indirectly by those LLCs. Additionally, 8,329 Class B shares were exercised and converted into 8,329 common shares held by the Stephen 1990 Revocable Trust, and 1,225 common shares are held in a trustee capacity. After the reported transactions, total common shares tied to the reporting person include the converted amount and existing holdings by trusts and LLCs, reflecting concentrated family-controlled ownership through trusts and affiliated LLCs.

Gregory S. Marcus, President and CEO and a director of Marcus Corporation (MCS), reported an insider sale and updated holdings. He disposed of 5,846 shares of Common Stock on 09/15/2025 in a transaction that converted common shares to Class B Common Stock issued to Diane Marcus Gershowitz. After the reported transactions he directly beneficially owns 483,925 shares of Common Stock and holds an additional 75 shares as custodian and 7,384 shares in a 401(k) plan. He also reports 220,341 shares of Common Stock underlying Class B convertible securities held directly and multiple outstanding stock options covering specified amounts of Common Stock with various exercise prices and vesting schedules.

Diane M. Gershowitz, a director and >10% owner of Marcus Corporation (MCS), reported multiple transactions on 09/15/2025. The filing shows an exchange of 5,846 Class B shares into 5,846 Common Stock shares at $0, and a reported disposition of 8,000 Common Stock shares, leaving her direct beneficial ownership at 34,045 shares. The report also lists substantial indirect holdings: 175,617.223 Common Stock shares held indirectly by DG-LDJ Holdings, LLC, trustee and trust holdings of 131,506 and 50,845 shares respectively, and a total of 1,915,592 Common Stock shares beneficially owned indirectly after conversion.

The filing records multiple outstanding stock options with exercise prices and expiration dates, and notes that Class B shares convert 1-for-1 into Common Stock and carry 10 votes per share. All figures are taken directly from the Form 4 without inference.