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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 director Philip L. Milstein reported an equity award and updated holdings in company securities. He received a grant of 1,391 shares of Common Stock at $17.97 per share as compensation for service as a director, bringing his directly held Common Stock to 79,149 shares.
In addition, he reports several indirect Common Stock holdings as trustee for the PLM Foundation, while disclaiming beneficial interest in those shares and in shares owned by his wife, children, and the SVM Foundation. He also holds multiple vested stock options with exercise prices ranging from $14.69 to $38.51 per share and expirations through 2033, providing ongoing rights to acquire additional Marcus Corp stock.
Marcus Corp director Paul Adam Leff reported a stock grant from the company. He acquired 1,391 shares of Common Stock on May 21, 2026 at $17.97 per share as a grant, award, or other acquisition.
According to the filing, the shares were granted by the issuer in consideration of his service as a director. After this transaction, Leff directly holds 6,699 shares of Marcus Corp Common Stock.
Marcus Corp director Timothy E. Hoeksema received an award of 1,391 shares of Common Stock at $17.97 per share, recorded as an acquisition under code A. The shares were granted by the issuer in consideration of his service as a director and pursuant to The Marcus Corporation 2004 Equity and Incentive Awards Plan.
After this grant, he holds 50,556 Common Shares directly and 15,002 shares indirectly through the Timothy and Janis Hoeksema Revocable Trust U/A dated 01/04/2010. He also retains multiple stock option positions on Common Stock, including options exercisable at $14.69 per share expiring on December 28, 2033, and additional tranches with exercise prices up to $38.51 expiring between 2026 and 2031.
GERSHOWITZ DIANE M reported acquisition or exercise transactions in this Form 4 filing.
Marcus Corp director Diane M. Gershowitz reported a stock award of 1,391 shares of Common Stock at $17.97 per share. The award was granted as consideration for service as a director under The Marcus Corporation 2004 Equity and Incentive Awards Plan.
After this grant, she holds 37,429 Common Stock shares directly and additional Common Stock indirectly, including 175,617.223 shares through DG-LDJ Holdings, LLC. She also has significant Class B Common Stock held indirectly via trusts and DG-LDJ Holdings, LLC that is convertible into Common Stock on a 1-for-1 basis at no cost and carries 10 votes per share versus one vote for Common Stock.
Marcus David John reported acquisition or exercise transactions in this Form 4 filing.
Marcus Corp director David John Marcus reported a new stock award. On 2026-05-21, he received a grant of 1,391 shares of Common Stock at $17.97 per share in consideration of his service as a director. Following this award, he directly holds 106,476 shares of Common Stock.
He also holds Class B Common Stock that is convertible into 1,681 shares of Common Stock on a 1-for-1 basis at no cost. The Class B shares are immediately exercisable, have no expiration date, and carry 10 votes per share compared with one vote per share for Common Stock.
Orbis Investment Management Limited and Allan Gray Australia Pty Ltd report beneficial ownership of Marcus Corp common stock totaling 1,962,585 shares (8.2%) in an amended Schedule 13G/A. The filing shows Orbis holds 1,938,092 shares (sole voting and dispositive) and Allan Gray holds 24,493 shares. Both reporting persons classify themselves as a Non-U.S. Institution (FI) equivalent to an Investment Adviser (IA) and state they do not treat their joint filing as a Section 13(d)(3) group. The filing is signed by an attorney-in-fact on 05/15/2026.
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.