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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.
The Marcus Corporation describes a diversified business built around movie theatres and hotels and resorts. As of December 31, 2025, it operated 78 theatres with 985 screens across 17 states and owned or managed about 4,700 hotel and resort rooms across multiple brands and markets.
The company highlights heavy long-term investment in recliner seating, premium large-format screens, expanded food and beverage concepts, and a 6.9 million-member loyalty program plus a new subscription offering, Marcus Movie Club. Its hotel portfolio includes landmark properties such as The Pfister, Grand Geneva Resort & Spa and Saint Kate – The Arts Hotel, alongside managed third‑party and condominium hotels.
Key risks center on future pandemics, film supply and release windows, intense competition in both segments, labor availability and costs, seasonality, high capital needs, and potential cybersecurity incidents. The board and an internal Cybersecurity Committee oversee cyber risk within a broader enterprise risk framework.
The Marcus Corporation reported modest growth for fiscal 2025, with total revenues of $758.5 million, up 3.1% from 2024. Net results swung to net earnings of $12.7 million, or $0.41 per diluted share, compared with a net loss of $7.8 million, or $(0.25) per share, helped by a $7.6 million historic rehabilitation tax credit and a $3.4 million property insurance gain.
Adjusted EBITDA for the year was $99.3 million, down 3.1% from $102.4 million as higher labor and hotel depreciation offset revenue gains. Marcus Theatres revenue rose to $462.7 million with operating income up 32.9%, while Adjusted EBITDA edged down to $76.5 million. Marcus Hotels & Resorts delivered record revenue of $257.6 million and record Adjusted EBITDA of $42.7 million, though operating income fell due to increased depreciation from renovations.
The company returned $27.1 million to shareholders in 2025 through share repurchases and dividends, including repurchasing 1.1 million shares for $18.0 million. Operating cash flow was $84.2 million versus $103.9 million in 2024, and management highlighted a stronger 2026 film slate and solid hotel group bookings.
Marcus Corp Chief Financial Officer Chad M. Paris reported a tax-related share disposition. On February 23, 2026, 1,146 shares of common stock were withheld upon vesting of restricted stock to cover resulting tax liabilities, recorded at a price of $0.00 per share.
After this tax-withholding disposition, Paris directly holds 70,638 shares of common stock. He also directly holds stock options to purchase 10,000 shares from a 10/18/21 grant, 23,000 shares from a 3/8/22 grant, and 29,900 shares from a 3/7/23 grant, subject to time-based vesting terms.
Marcus Corp executive Thomas F. Kissinger reported a tax-related share disposition. On February 23, 2026, 2,467 shares of common stock were withheld upon vesting of restricted stock to cover tax obligations, rather than sold in the open market. Following this withholding, he directly holds 224,700 common shares, along with multiple stock option grants and additional indirect holdings through a dividend reinvestment and associate stock purchase plan and a 401(k) plan.
Marcus Corp President and CEO Gregory S. Marcus used 7,555 shares of common stock on February 23, 2026 to satisfy tax obligations from vesting restricted stock, in a tax-withholding disposition rather than an open-market sale. Following this transaction, he directly held 549,034 Marcus Corp common shares.
The filing also updates balances for multiple stock option grants, with individual positions ranging from 40,000 to 172,300 options, and for various indirect holdings of Class B common stock and common stock held as trustee, custodian, by spouse, and in a 401(k) plan.
Marcus Corp executive Michael Reade Evans reported a tax-withholding share disposition. On February 23, 2026, 1,520 shares of Marcus Corp common stock were withheld from the vesting of restricted stock to cover tax obligations, a non-cash disposition classified as a tax-withholding transaction.
After this transaction, Evans directly owned 53,509 common shares. He also reported several outstanding stock option awards with varying remaining share amounts that vest over time according to their original grant schedules.
Marcus Corp Chief Financial Officer Chad M. Paris reported a tax-related share disposition. On February 22, 2026, 4,643 shares of common stock were withheld from the vesting of restricted stock to pay resulting tax amounts owed, a transaction coded as a tax-withholding disposition rather than an open-market sale. After this withholding, he directly owns 71,784 shares of Marcus Corp common stock.
Paris also reports direct holdings of stock options from multiple grants, including 10,000 options from an October 18, 2021 grant, 23,000 options from a March 8, 2022 grant, and 29,900 options from a March 7, 2023 grant. According to the disclosed vesting schedule, these options vest 50% after the second anniversary of grant, 75% after the third anniversary, and fully after four years.
Marcus Corp senior executive Thomas F. Kissinger reported a Form 4 showing a tax-related share disposition. On February 22, 2026, 7,292 shares of common stock were withheld from the vesting of restricted stock to pay resulting tax amounts owed, rather than sold on the open market. After this transaction, he held 227,167 shares of common stock directly.
The filing also updates his direct holdings of multiple stock option grants from 2017 through 2023 and his indirect common stock holdings through a dividend reinvestment and associate stock purchase plan and a 401(k) plan, with those plan balances reflecting the most current available data.
Marcus Corp executive Mark A. Gramz, President of Marcus Theatres, reported a tax-related share disposition. On February 22, 2026, 2,899 shares of common stock were withheld from a restricted stock vesting to cover tax obligations, as noted in the footnotes.
After this tax-withholding disposition, Gramz directly held 49,262 shares of Marcus Corp common stock. Several stock option positions described as rights to buy shares remain outstanding, with various vesting schedules detailed in the footnotes.
Marcus Corp President and CEO Gregory S. Marcus reported a tax-related share disposition and updated his holdings. On February 22, 2026, he disposed of 19,976 shares of Common Stock at $0.00 per share, with the Form 4 noting this was a tax-withholding disposition to pay amounts owed upon the vesting of restricted stock granted that same day.
After this transaction, his direct Common Stock holdings stood at 556,589 shares. The filing also lists several indirect positions, including Class B and Common Stock held by his spouse, as custodian for family UTMA accounts, and in a 401(k) plan. In addition, he reports multiple stock option awards with remaining balances ranging from 40,000 to 172,300 options, subject to multi‑year vesting schedules, with certain options described as immediately exercisable and with no expiration date.