On March 20, 2024, Peggy Alford advised the Board of Directors of The Macerich Company that she will not stand for re-election as a director of the Company at the 2024 annual meeting of stockholders in order to focus on other commitments. Ms. Alford currently serves as a chair of the audit committee of the Board and will continue to serve on the Board and maintain her position as audit committee chair through the 2024 Annual Meeting.