The Marcus Corporation filings document a Wisconsin public company with two operating divisions: Marcus Theatres and Marcus Hotels & Resorts. Form 8-K reports furnish quarterly and annual results, including theatre box-office activity, film-slate effects, hotel RevPAR, food-and-beverage operations and share repurchase authorization. Other 8-K disclosures record division leadership succession and board composition changes.
Proxy materials cover shareholder voting, director elections, board structure, executive compensation and related governance disclosures. The filing record also reflects capital-allocation matters and formal reporting around a business model that combines movie theatre operations, hospitality management and significant company-owned real estate assets.
Marcus Corp executive Jeffry Frank Tomachek, President of Marcus Theatres, filed an initial ownership report showing his existing equity position in the company. He directly holds multiple blocks of common stock, including 5,454 shares, 1,464 shares, 1,005 shares, 714 shares and smaller amounts from various restricted stock grants.
He also holds several stock option awards on common stock, such as 4,000 options at an exercise price of $15.99 per share expiring in 2033, 3,500 options at $17.04 expiring in 2032, and additional option grants with exercise prices ranging from $12.71 to $41.90 expiring between 2027 and 2031. Footnotes explain that various restricted stock awards vest on long-term schedules tied to service, death, disability or retirement.
Marcus Corp executive Mark A. Gramz, President of Marcus Theatres, reported a routine tax-withholding event related to restricted stock vesting. On this Form 4, 12,218 shares of common stock were withheld to cover tax obligations, leaving him with 37,044 common shares held directly.
The filing also lists multiple outstanding employee stock options on common stock with exercise prices ranging from $12.71 to $41.90 per share and expiration dates between 2027 and 2033, indicating a continuing, long-dated equity incentive position.
The Marcus Corporation reported first-quarter 2026 revenue of $154.4 million, up modestly from $148.8 million a year earlier, while remaining in a loss position. Operating loss narrowed to $19.3 million from $20.4 million, and net loss improved to $15.4 million, or $(0.51) per diluted common share, compared with $(16.8) million, or $(0.54) per share.
The theatre division drove most of the progress, with revenue rising to $92.9 million and operating loss shrinking to $2.8 million, helped by higher ticket pricing and concessions despite five fewer operating days. Hotels and resorts revenue was essentially flat at $61.4 million, but operating loss widened to $7.9 million as costs increased and prior-year one-time group business did not repeat.
Adjusted EBITDA turned positive at $2.6 million versus a loss of $0.3 million last year. Cash used in operating activities improved to $15.2 million from $35.3 million, and capital spending fell sharply to $6.6 million. The company ended the quarter with $11.2 million in cash, $173.5 million in net debt and a reported net leverage ratio of 1.70x, supported by $194.3 million of availability on its revolving credit facility.
The Marcus Corporation announced a planned leadership transition at its Marcus Theatres division. Mark A. Gramz will retire as President of Marcus Theatres on May 1, 2026, after a 55-year career with the company. He will continue serving as an advisor in an independent contractor role after his retirement.
Jeffry F. Tomachek, currently executive vice president and chief financial officer of Marcus Theatres, will be promoted to President of Marcus Theatres effective as of the retirement date. The company notes his long tenure since 1998 and broad operational and financial experience. Marcus Theatres is described as the fourth-largest theatre circuit in the U.S., with 985 screens at 78 locations in 17 states.
The Marcus Corporation reported first quarter fiscal 2026 results, with total revenues of $154.4 million, up 3.8% from $148.8 million a year earlier, despite five fewer operating days due to a fiscal year change. The company posted an operating loss of $19.3 million, modestly better than the $20.4 million loss in the prior-year quarter, and a net loss of $15.4 million, or $0.51 per diluted share, versus a $16.8 million loss, or $0.54 per share.
Theatre revenues rose to $92.9 million, a 6.4% increase, with Adjusted EBITDA improving to $8.0 million, a 117.1% gain. Hotels & Resorts revenues before cost reimbursements were $51.7 million, down 1.1% largely due to fewer operating days, but RevPAR increased 13.7% and the division outperformed both the broader industry and its competitive sets.
Consolidated Adjusted EBITDA turned positive at $2.6 million, compared with a loss of $0.3 million in the prior-year quarter. Cash used in operating activities improved to $15.2 million from $35.3 million, while capital expenditures declined to $6.6 million from $23.0 million as major hotel renovations tapered.
The Marcus Corporation reports that Andrew Eliot Porter beneficially owns 1,271,887 shares of Common Stock, representing 5.082% of the class. The filing states Mr. Porter has 899,516 shares of sole voting power and 372,371 shares of shared voting power. Much of the reported position is held as Class B Common Stock, which the filing says is convertible on a share-for-share basis into Common Stock. Mr. Porter serves as trustee for multiple family GST trusts that hold both Class B and Common Stock positions.
MCS filed an amendment on a Form 144/A reporting restricted stock vesting schedules and a recent sale. The filing lists multiple Restricted Stock Vesting entries by date and quantity, and records a sale of 38 shares by Michael Evans on 03/20/2026 at $597.22 per share.
Marcus Corp executive Michael Reade Evans, President of Marcus Hotels & Resorts, reported an open‑market sale of 7,671 shares of Common Stock on April 15, 2026 at a weighted average price of $19.0441 per share, with individual trade prices ranging from $19.03 to $19.07. After this sale, he directly owns about 45,800.53 common shares.
Evans also holds several direct Stock Options (Right to Buy) over common stock, including 32,506 underlying shares at a $31.11 exercise price expiring in 2030 and additional option grants with exercise prices between $12.71 and $28.88 expiring from 2030 through 2033. Footnotes state these options vest 50% after two years, 75% after three years, and fully after four years from the grant date.
MCS filed a Form 144 notifying a proposed sale of Common shares to be handled through Fidelity Brokerage Services LLC with a filing date referenced as 04/15/2026. The filing lists multiple scheduled restricted stock vesting events and related share counts.
Marcus Corp senior executive Thomas F. Kissinger exercised stock options and increased his direct shareholdings. On April 13, 2026, he exercised options for 42,450 shares of common stock at an exercise price of $15.99 per share, converting them into common shares.
As part of this net exercise, 38,511 shares of common stock were withheld to cover the option exercise price and related tax obligations at a reference price of $19.17 per share. Following these transactions, Kissinger directly owned 203,639 shares of Marcus common stock, plus a small indirect holding of 547 shares through a dividend reinvestment and associate stock purchase plan.
He also retained multiple outstanding stock option grants, including options covering 17,000 shares at an exercise price of $31.20 per share expiring in 2027 and options covering 50,000 shares at an exercise price of $17.04 per share expiring in 2032, along with several other grants expiring between 2028 and 2031.