• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 11-K filed by Marcus Corporation

    6/20/25 4:42:46 PM ET
    $MCS
    Movies/Entertainment
    Consumer Discretionary
    Get the next $MCS alert in real time by email
    11-K 1 marcuscorporationpensionpl.htm 11-K Document


    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    FORM 11-K


    FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

    (Mark One)
    [X]
    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024
    [ ]
    TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to ________.

    Commission File Number: 1-12604



    The Marcus Corp 401(k) Retirement Savings Plan
    (Full title of the plan)


    THE MARCUS CORPORATION
    111 East Kilbourn Avenue, Suite 1200
    Milwaukee, Wisconsin 53202-6628

    (Name of the issuer of the securities held
    pursuant to the plan and the address of
    its principal executive office)



    TABLE OF CONTENTS
    Page
    Report of Independent Registered Public Accounting Firm
    3
    Statements of Net Assets Available for Benefits
    4
    Statement of Changes in Net Assets Available for Benefits
    5
    Notes to Financial Statements
    6
    Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
    13
    Exhibit Index
    14
    Signature
    15
    2




    wipflilogo002a.jpg

    Report of Independent Registered Public Accounting Firm

    To the Retirement and Benefit Plan Administrative Committee and Plan Participants
    The Marcus Corp 401(k) Retirement Savings Plan
    Milwaukee, Wisconsin

    Opinion on the Financial Statements
    We have audited the accompanying statements of net assets available for benefits of The Marcus Corp 401(k) Retirement Savings Plan (the Plan) as of December 31, 2024 and 2023, and the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes and schedule (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

    Basis for Opinion
    These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

    We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

    Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

    Supplemental Information
    The supplemental information in the accompanying Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2024, has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.



    /s/Wipfli LLP
    Milwaukee, Wisconsin

    June 20, 2025

    We have served as the Plan’s auditor since 2023.
    3




    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
    DECEMBER 31, 2024 AND 2023
    (in thousands)


    2024
    2023
    ASSETS
    INVESTMENTS (at Fair Value)
    Participant Directed$94,483 $77,508 
    Common Stock of The Marcus Corporation9,328 7,103 
    Total Investments at Fair Value103,811 84,611 
    INVESTMENTS (at Contract Value)3,546 3,256 
    Total Investments107,357 87,867 
    RECEIVABLES
    Company Contributions147 2,612 
    Notes Receivable from Participants1,227 1,080 
    Total Receivables1,374 3,692 
    NET ASSETS AVAILABLE FOR BENEFITS$108,731 $91,559 

















    See accompanying notes.
    4



    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
    YEAR ENDED DECEMBER 31, 2024
    (in thousands)


    ADDITIONS:
    INVESTMENT INCOME
    Interest and Dividends$606 
    Net Appreciation in Fair Value of Investments12,248 
    Total Investment Income12,854 
    INTEREST INCOME ON NOTES RECEIVABLE FROM PARTICIPANTS81 
    CONTRIBUTIONS
    Company2,856 
    Participants6,432 
    Rollovers2,362 
    Total Contributions11,650 
    Total Additions24,585 
    DEDUCTIONS:
    BENEFITS PAID TO PARTICIPANTS7,256 
    ADMINISTRATIVE EXPENSES157 
    Total Deductions7,413 
    NET INCREASE17,172 
    NET ASSETS AVAILABLE FOR BENEFITS:
    Beginning of Year91,559 
    End of Year$108,731 






    See accompanying notes.
    5

    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    NOTES TO FINANCIAL STATEMENTS
    DECEMBER 31, 2024 AND 2023
    (in thousands, except share data)




    1.Description of Plan

    The following description of The Marcus Corp 401(k) Retirement Savings Plan (the Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

    General - The Plan is a defined contribution plan originally effective June 1, 1989. The Plan has been amended throughout the years to comply with tax legislation and most recently amended effective July 1, 2024. The Plan covers all nonunion employees and certain union employees covered by a collective bargaining agreement. The Plan is subject to the Employee Retirement Income Security Act of 1974 (ERISA). The Board of Directors of The Marcus Corporation (the Company) is responsible for the oversight of the Plan. The Retirement and Benefit Plan Administrative Committee, which is comprised of members from Company management, determines the appropriateness of the Plan’s investment offerings, monitors investment performance, and reports to the Board of Directors.

    Eligibility - Employees of the Company are eligible to participate in the deferral components of the Plan on the later of one month of service or reaching 21 years of age. Employees are eligible to participate in the safe harbor match component of the Plan if they meet the eligibility requirements above.

    Contributions - The Plan includes a salary deferral arrangement allowed under Section 401(k) of the Internal Revenue Code (IRC). Eligible participants are permitted to elect to have a percentage up to 60%, limited by Plan provision, of their compensation contributed as pre-tax 401(k) or Roth contributions to the Plan. Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.

    Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans (rollover). Participants direct the investment of contributions into various investment options offered by the Plan. Contributions are subject to certain Internal Revenue Service (IRS) limitations.

    Beginning on January 1, 2017, the Company began making “safe harbor” matching contributions. The “safe harbor” matching contribution is equal to 100% of the participant’s elective deferral (pre-tax and Roth deferrals) up to 3% of their eligible compensation; plus 50% of that participant’s elective deferrals between 3% and 5% of their eligible compensation subject to the “safe harbor” matching contribution limit, which was $14 in 2024.

    Company Funding - The Company remits participant elective contributions as soon as practicable after the elective contributions have been withheld from the participant’s wages. The Company’s safe harbor matching contributions were remitted annually through 2023. Effective January 1, 2024, the Company’s safe harbor matching contributions are being remitted biweekly.

    Participants Accounts - Participants may elect to invest their account balances, consisting of employee contributions and Company contributions, into various fund options. Participants have the opportunity to change their investment elections and allocations daily. Participants who do not make such an election are automatically invested in the default investment alternatives established under the Plan. The default investment is a nearest age-appropriate target fund option based on the assumed retirement age of 65.




    6

    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    NOTES TO FINANCIAL STATEMENTS
    DECEMBER 31, 2024 AND 2023
    (in thousands, except share data)





    1. Description of Plan (continued)

    The funding of the safe harbor contributions is discretionary and determined by the Board of Directors and can consist of contributions in the form of cash and/or Company stock. If contributions are made in Company stock, participants, at their discretion, may transfer contributions from the Company stock into other investment options offered by the Plan at any time. The 2024 and 2023 contributions were made entirely of cash. The Retirement and Benefit Plan Administrative Committee approves all investment transactions within the Marcus Stock Account.

    Each participant’s account is credited with the participant’s contribution, the applicable matching Company contributions, an allocation of investment earnings or losses, and an allocation of administrative expenses, as defined. Allocations are based upon the participants’ earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account balance.

    Vesting - Employee contributions and the Company’s “safe harbor” matching contributions and earnings thereon are immediately 100% vested. All pre-2017 discretionary Company contributions and earnings thereon cumulative vest 20% after two years, 40% after three years, 60% after four years, 80% after five years and 100% after six years. Notwithstanding the above, a participant is fully vested upon reaching normal retirement age, death, or permanent disability.

    Voting Rights - Each participant with an interest in Company common stock is entitled to exercise voting rights attributable to the shares allocated to his or her account and is notified by the Trustee prior to the time that such rights are to be exercised. The Trustee is not permitted to vote shares of Company common stock for which the Trustee has received no direction from the participant.

    Notes Receivable from Participants - Participants are allowed to take loans from the Plan. Loan amounts are typically limited to 50% of the participant’s vested account balance or $50 as defined in the Plan document, and a minimum of $1. Loan terms range from one to five years, or up to ten years for the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest at the prime rate. Principal and interest are paid through biweekly payroll deductions.

    Benefit Payments - Benefits paid to participants represent the amount paid to participants who terminated employment during the year, or in prior years, and to qualified hardship cases. Participants may also elect to receive distributions upon reaching age 59½. If a terminating participant’s account balance does not exceed $1, the Plan will distribute the benefit in a lump sum as soon as administratively practicable. If a terminating participant’s account balance does not exceed $7, the Plan will distribute the benefit to an Individual Retirement Account or Annuity. If a terminating participant’s account balance exceeds $7, the participant may elect to receive i) a lump sum distribution; ii) partial payments; iii) a series of annual payments over a fixed period of whole years, or iv) in shares of stock to a self-directed brokerage account..

    Forfeited Accounts - At December 31, 2024 and 2023, forfeited nonvested accounts totaled approximately $4 and $19, respectively. These amounts are to be used to reduce future Company contributions or pay administrative expenses of the Plan. Forfeitures used to reduce Company contributions in 2024 were $59.

    7

    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    NOTES TO FINANCIAL STATEMENTS
    DECEMBER 31, 2024 AND 2023
    (in thousands, except share data)






    2. Summary of Significant Accounting Policies

    Basis of Accounting - The accompanying financial statements of the Plan have been prepared in accordance with accounting principals generally accepted in the United States of America (GAAP).

    Use of Estimates - The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein. Actual results could differ from those estimates.

    Investments Valuation and Income Recognition - The Plan’s investments are reported at fair value, except for a fully benefit-responsive investment contract, which is reported at contract value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Retirement and Benefit Plan Administrative Committee determines the Plan’s valuation policies utilizing information provided by the investment advisors and trustee. See Note 3 for discussion of fair value measurements.

    Purchases and sales of investments are recorded on a trade-date basis. Net appreciation in fair value of investments includes both realized and unrealized investment gains and losses. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.

    Notes Receivable from Participants - Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Related fees are recorded as administrative expenses and are expensed when they are incurred. No allowance for credit losses has been recorded as of December 31, 2024 or 2023. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document.

    Benefit Payments - Benefits are recorded when paid.

    Plan Expenses - Administrative expenses are paid by the Company, an individual participant, or the Plan in accordance with the Plan document.

    Subsequent Events - Subsequent events have been evaluated through the date the financial statements were available to be issued.





    8

    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    NOTES TO FINANCIAL STATEMENTS
    DECEMBER 31, 2024 AND 2023
    (in thousands, except share data)





    3. Fair Value Measurements

    The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described as follows:

    Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.

    Level 2 – Inputs to the valuation methodology include:
    –quoted prices for similar assets or liabilities in active markets;
    –quoted prices for identical or similar assets or liabilities in inactive markets;
    –inputs other than quoted prices that are observable for the asset or liability;
    –inputs that are derived principally from or corroborated by observable market data by correlation or other means.

    If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

    Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

    The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

    Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2024 and 2023.

    Common Stock: Valued at the closing price on the active market in which the security is traded.

    Common Collective Trusts: Valued at the underlying fund’s closing unit value each day. The values are observable and investors trade regularly based on these values. All of the underlying funds in the fund investments have been categorized as Level 2.

    Registered Investment Companies: Valued at the daily closing price as reported by the fund. Registered investment companies held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (NAV) and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

    Self-Directed Brokerage Accounts: Consist of mutual funds, common stocks, and cash equivalents that are valued on the basis of readily determinable market prices.

    The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan management believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
    9

    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    NOTES TO FINANCIAL STATEMENTS
    DECEMBER 31, 2024 AND 2023
    (in thousands, except share data)






    3. Fair Value Measurements (continued)

    The following tables set forth, by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31:

    2024
    Level 1Level 2Level 3Total
    Company Common Stock$9,328 $— $— $9,328 
    Common Collective Trusts— 66,709 — 66,709 
    Registered Investment Companies25,876 — — 25,876 
    Self-Directed Brokerage Accounts1,898 — — 1,898 
    Total Investments at Fair Value$37,102 $66,709 $— $103,811 

    2023
    Level 1Level 2Level 3Total
    Company Common Stock$7,103 $— $— $7,103 
    Common Collective Trusts— 57,067 — 57,067 
    Registered Investment Companies18,777 — — 18,777 
    Self-Directed Brokerage Accounts1,664 — — 1,664 
    Total Investments at Fair Value$27,544 $57,067 $— $84,611 



    4. Group Annuity Contract with Insurance Company

    The Plan invests in a traditional fully benefit-responsive guaranteed investment contract with New York Life Insurance Company (the Insurance Company). The Insurance Company maintains the contributions in a general account. The account is credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. The guaranteed investment contract issuer is contractually obligated to repay the principal and a specified interest rate that is guaranteed to the Plan. The crediting rate is based on a formula established by the contract issuer but may not be less than 3%. The crediting rate is reviewed on a semi-annual basis for resetting. The guaranteed investment contract does not permit the Insurance Company to terminate the agreement prior to the scheduled maturity date.

    20242023
    Traditional Investment Contracts:$3,546 $3,256 




    10

    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    NOTES TO FINANCIAL STATEMENTS
    DECEMBER 31, 2024 AND 2023
    (in thousands, except share data)







    4. Group Annuity Contract with Insurance Company (continued)

    This contract meets the fully benefit-responsive investment contract criteria and therefore is reported at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants if they were to initiate permitted transactions under the terms of the Plan. Contract value, as reported to the Plan by the Insurance Company, represents contributions made under the contract, plus earnings, less participant withdrawals, and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value.

    The Plan’s ability to receive amounts due is dependent on the issuer’s ability to meet its financial obligations. The issuer’s ability to meet its contractual obligations may be affected by future economic and regulatory developments.

    Certain events might limit the ability of the Plan to transact at contract value with the issuer. Such events include (1) amendments to the Plan documents (including complete or partial Plan termination or merger with another plan), (2) changes to the Plan’s prohibition on competing investment options or deletion of equity wash provisions, (3) bankruptcy of the Plan Sponsor or other Plan Sponsor events (for example, divestitures or spin-offs of a subsidiary) that cause a significant withdrawal from the Plan, (4) the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA, or (5) premature termination of the contract. No events are probable of occurring that might limit the ability of the Plan to transact at contract value with the contract issuers and that also would limit the ability of the Plan to transact at contract value with the participants.

    In addition, certain events allow the issuer to terminate the contract with the Plan and settle at an amount different from contract value. Such events include (1) an uncured violation of the Plan’s investment guidelines, (2) a breach of material obligation under the contract, (3) a material misrepresentation, and (4) a material amendment to the agreement without the consent of the issuer.


    5. Risks and Uncertainties

    The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.

    6. Plan Termination

    Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, all participants would become 100% vested in their Company contributions.





    11

    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    NOTES TO FINANCIAL STATEMENTS
    DECEMBER 31, 2024 AND 2023
    (in thousands, except share data)






    7. Plan Tax Status

    The Plan is placing reliance on an opinion letter dated June 30, 2020, received from the IRS on the prototype plan indicating that the Plan is qualified under Section 401 of the IRC and is therefore not subject to tax under current income tax law. The Plan has been amended since receiving the opinion letter. However, the Plan administrator believes that the Plan is designed, and is currently being operated, in compliance with the applicable requirements of the IRC and, therefore, believes that the Plan is qualified, and the related trust is tax-exempt.

    GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.


    8. Party-In-Interest Transactions

    The Plan invests in common stock of The Marcus Corporation, the Plan Sponsor. As of December 31, 2024 and 2023, the Plan held 427,225 and 479,890 shares of The Marcus Corporation common stock with a cost basis of $7,926 and $8,917, respectively. During 2024, approximately $338 of The Marcus Corporation common stock was acquired and approximately $1,601 of The Marcus Corporation common stock was sold. The Plan recorded $126 of dividend income from The Marcus Corporation stock during 2024. The Plan allows participants to obtain notes receivable from the Plan, which are considered party-in-interest transactions. These party-in-interest transactions are exempt from the prohibited transactions rules of ERISA. Administrative expenses of $157 were paid to the trustee for the year ended December 31, 2024.

    In December 2024, the Plan notified participants that, effective January 1, 2025, common stock of The Marcus Corporation would no longer be offered as an investment option for new investments or transfers in the Plan. This investment option change was made to improve investment portfolio diversification in participant accounts. The Plan expects to begin liquidating any remaining investments in The Marcus Corporation common stock on June 30, 2025 and transfer participant balances to the applicable target date fund based on participant age.

    12


    THE MARCUS CORP
    401(K) RETIREMENT SAVINGS PLAN
    E.I.N. 39-1139844 PLAN NO. 002
    SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)
    DECEMBER 31, 2024
    (in thousands, except share and per share data)
    (a)(b)(c)(d)(e)
    Identity of Issue, Borrower, Lessor, or Similar PartyDescription of Investment, Including Maturity Date, Rate of Interest, Collateral, Par or Maturity ValueCostCurrent Value
    *The Marcus CorporationCommon Stock (Par Value $1.00)**$9,328 
    Nuveen Asset Management - Lifecycle Index 2015Common Collective Trust**1,489 
    Nuveen Asset Management - Lifecycle Index 2020Common Collective Trust**5,006 
    Nuveen Asset Management - Lifecycle Index 2025Common Collective Trust**6,330 
    Nuveen Asset Management - Lifecycle Index 2030Common Collective Trust**12,983 
    Nuveen Asset Management - Lifecycle Index 2035Common Collective Trust**10,119 
    Nuveen Asset Management - Lifecycle Index 2040Common Collective Trust**9,185 
    Nuveen Asset Management - Lifecycle Index 2045Common Collective Trust**9,129 
    Nuveen Asset Management - Lifecycle Index 2050Common Collective Trust**5,894 
    Nuveen Asset Management - Lifecycle Index 2055Common Collective Trust**3,644 
    Nuveen Asset Management - Lifecycle Index 2060Common Collective Trust**1,734 
    Nuveen Asset Management - Lifecycle Index 2065Common Collective Trust**882 
    Nuveen Asset Management - Lifecycle Index Retirement IncomeCommon Collective Trust**314 
    JP Morgan Core Bond FundRegistered Investment Company**1,166 
    BlackRock High Yield Bond Inst.Registered Investment Company**724 
    Vanguard Equity Inc FundRegistered Investment Company**2,232 
    Vanguard 500 Index AdmiralRegistered Investment Company**9,290 
    Pioneer Fundamental Growth YRegistered Investment Company**3,216 
    Vanguard Mid-Cap Index AdmRegistered Investment Company**1,619 
    MFS Global Real Estate R5Registered Investment Company**268 
    MFS Mid Cap Value R6Registered Investment Company**785 
    JPMorgan Mid Cap Growth R6Registered Investment Company**1,864 
    Invesco Discovery Fund Registered Investment Company**1,256 
    MFS International DiversificationRegistered Investment Company**705 
    Vanguard Small Cap ValueRegistered Investment Company**1,169 
    EuroPacific Growth FundRegistered Investment Company**1,316 
    Virtus AllianzGI Emerging MarketsRegistered Investment Company**266 
    Self-Directed FundsCommon Stock, Mutual Funds, and Cash Equivalents**1,898 
    New York Life Guaranteed Interest AccountInvestment Contract**3,546 
    *Notes receivable from Participants
    Participant Loans (Rates from 3.25% - 8.50% with various maturities through May 2033)
    1,227 
    Total$108,584 
    *Indicates party-in-interest
    **Cost omitted for participant-directed accounts

    See accompanying report of independent registered public accounting firm.
    13


    EXHIBIT INDEX
    Exhibit No.Description
    23.1 Consent of Independent Registered Public Accounting Firm




    14


    SIGNATURE


    Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan Administrator has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


    THE MARCUS CORP 401K RETIREMENT SAVINGS PLAN



    /s/ Steven V. Martin
    Steven V. Martin
    Chief Human Resources Officer





    June 20, 2025

    15
    Get the next $MCS alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $MCS

    DatePrice TargetRatingAnalyst
    5/16/2025$24.00Buy
    B. Riley Securities
    11/4/2024$20.00 → $24.00Outperform
    Barrington Research
    1/3/2023$25.00 → $24.00Buy
    B. Riley Securities
    12/5/2022$22.00 → $25.00Buy
    B. Riley Securities
    10/12/2022$28.00 → $22.00Buy
    B. Riley Securities
    11/24/2021$25.00Neutral
    JP Morgan
    More analyst ratings

    $MCS
    SEC Filings

    See more
    • SEC Form 11-K filed by Marcus Corporation

      11-K - MARCUS CORP (0000062234) (Filer)

      6/20/25 4:42:46 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • SEC Form S-8 filed by Marcus Corporation

      S-8 - MARCUS CORP (0000062234) (Filer)

      5/12/25 5:03:30 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Marcus Corporation filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

      8-K - MARCUS CORP (0000062234) (Filer)

      5/12/25 8:26:40 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary

    $MCS
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Gershowitz Diane M bought 21,758 shares and gifted 27,136 shares, decreasing direct ownership by 13% to 34,661 units (SEC Form 4)

      4 - MARCUS CORP (0000062234) (Issuer)

      3/5/25 8:00:27 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary

    $MCS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • B. Riley Securities resumed coverage on Marcus with a new price target

      B. Riley Securities resumed coverage of Marcus with a rating of Buy and set a new price target of $24.00

      5/16/25 8:18:03 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Barrington Research reiterated coverage on Marcus with a new price target

      Barrington Research reiterated coverage of Marcus with a rating of Outperform and set a new price target of $24.00 from $20.00 previously

      11/4/24 9:23:50 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • B. Riley Securities reiterated coverage on Marcus with a new price target

      B. Riley Securities reiterated coverage of Marcus with a rating of Buy and set a new price target of $24.00 from $25.00 previously

      1/3/23 11:02:39 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary

    $MCS
    Leadership Updates

    Live Leadership Updates

    See more
    • Marcus Theatres to Operate Former Showplace ICON Theatre in St. Louis Park, Minnesota

      Showplace ICON Theatre & Kitchen will be renamed Marcus West End Cinema Marcus Theatres®, a division of The Marcus Corporation® (NYSE:MCS), announced today that it will take over the operations of the Showplace ICON Theatre & Kitchen at the Shops at West End in St. Louis Park, Minn., after doors closed June 30, 2024. Through an agreement to assume operations with the property's owner, Marcus will reopen the theatre to customers on July 8, 2024, as the Marcus West End Cinema. "We're thrilled to extend the Marcus Theatres experience to the Shops at West End," said Mark Gramz, president of Marcus Theatres. "It's an opportunity to continue to engage Marcus movie fans as well as gain new one

      7/1/24 9:00:00 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

      NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S

      6/7/24 6:09:00 PM ET
      $ADTN
      $ALTR
      $ATNI
      $BMRN
      Telecommunications Equipment
      Utilities
      Computer Software: Prepackaged Software
      Technology
    • Marcus Hotels & Resorts Appoints Tiffany Leadbetter Donato as Chief Investment Officer

      Marcus® Hotels & Resorts, a nationally recognized hotel owner and management company and division of The Marcus Corporation (NYSE:MCS), today announced the appointment of Tiffany Leadbetter Donato as its first chief investment officer. A proven hotel investment and asset management executive, Donato will oversee all transactional activities designed to fuel growth, including acquisitions, co-investments, and new third-party management contracts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230901476167/en/Tiffany Leadbetter Donato, chief investment officer at Marcus Hotels & Resorts (Photo: Business Wire) Donato brings over 25

      9/5/23 7:45:00 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary

    $MCS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Marcus Corporation

      SC 13G/A - MARCUS CORP (0000062234) (Subject)

      12/3/24 6:48:48 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Marcus Corporation

      SC 13G/A - MARCUS CORP (0000062234) (Subject)

      11/12/24 4:00:39 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Marcus Corporation

      SC 13G/A - MARCUS CORP (0000062234) (Subject)

      11/4/24 1:27:37 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary

    $MCS
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Amendment: New insider Gramz Mark A claimed ownership of 12,916 shares (SEC Form 3)

      3/A - MARCUS CORP (0000062234) (Issuer)

      6/25/25 11:54:15 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Pres., Marcus Theatres Corp* Gramz Mark A sold $42,805 worth of shares (5,139 units at $8.33) (SEC Form 4)

      4 - MARCUS CORP (0000062234) (Issuer)

      6/24/25 4:52:04 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Amendment: New insider Gramz Mark A claimed ownership of 1,271 shares and claimed ownership of 11,645 units of Hello Peter - (SEC Form 3)

      3/A - MARCUS CORP (0000062234) (Issuer)

      6/24/25 4:45:26 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary

    $MCS
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Blockbusters Fuel Record Memorial Day Weekend at Marcus Theatres

      Lilo & Stitch and Mission: Impossible – The Final Reckoning helped set multiple new highs for Memorial Day weekend; box office momentum continues with an exciting summer slate of highly anticipated films ahead Marcus Theatres®, the nation's fourth largest theatre circuit and a division of Marcus Corporation (NYSE:MCS), today announced that it achieved a record-setting Memorial Day weekend in box office sales, attendance, concessions, food and beverage revenue and per cap. With the holiday weekend serving as the unofficial start to the busy summer season, crowds were drawn to the blockbuster hits Lilo & Stitch and Mission: Impossible – The Final Reckoning. In addition, strong carryover p

      5/27/25 10:37:00 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Marcus Corporation Declares Quarterly Dividend

      Directors of The Marcus Corporation (NYSE:MCS) today declared a regular quarterly cash dividend of $0.07 per share of common stock. The dividend will be paid June 16, 2025, to shareholders of record on May 27, 2025. The Board of Directors also declared a dividend of $0.064 per share on the Class B common stock. The dividend on the Class B common stock, which is not publicly traded, will also be paid June 16, 2025, to shareholders of record on May 27, 2025. About Marcus Corporation Headquartered in Milwaukee, Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. Marcus Corporation's theatre division, Marcus Theatres®

      5/7/25 1:03:00 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Marcus Corporation Reports First Quarter Fiscal 2025 Results

      Company executes $7.1 million in share repurchases The Marcus Corporation (NYSE:MCS) today reported results for the first quarter fiscal 2025 ended March 31, 2025. "While the first quarter box office was softer than expected, April got off to a strong start with the surprising yet fun-filled success of both A Minecraft Movie and Sinners, which reignited the box office setting records heading into the summer movie season. With a stronger slate of highly anticipated films just around the corner, we expect this excitement will continue throughout the remainder of the year," said Gregory S. Marcus, chief executive officer of Marcus Corporation. "In our hotel business, while the first quarter

      5/6/25 7:45:00 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary

    $MCS
    Financials

    Live finance-specific insights

    See more
    • Marcus Corporation Declares Quarterly Dividend

      Directors of The Marcus Corporation (NYSE:MCS) today declared a regular quarterly cash dividend of $0.07 per share of common stock. The dividend will be paid June 16, 2025, to shareholders of record on May 27, 2025. The Board of Directors also declared a dividend of $0.064 per share on the Class B common stock. The dividend on the Class B common stock, which is not publicly traded, will also be paid June 16, 2025, to shareholders of record on May 27, 2025. About Marcus Corporation Headquartered in Milwaukee, Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. Marcus Corporation's theatre division, Marcus Theatres®

      5/7/25 1:03:00 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Marcus Corporation Reports First Quarter Fiscal 2025 Results

      Company executes $7.1 million in share repurchases The Marcus Corporation (NYSE:MCS) today reported results for the first quarter fiscal 2025 ended March 31, 2025. "While the first quarter box office was softer than expected, April got off to a strong start with the surprising yet fun-filled success of both A Minecraft Movie and Sinners, which reignited the box office setting records heading into the summer movie season. With a stronger slate of highly anticipated films just around the corner, we expect this excitement will continue throughout the remainder of the year," said Gregory S. Marcus, chief executive officer of Marcus Corporation. "In our hotel business, while the first quarter

      5/6/25 7:45:00 AM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary
    • Marcus Corporation Announces First Quarter Fiscal 2025 Release Date and Conference Call

      Marcus Corporation (NYSE:MCS) today announced it will report results for the first quarter of fiscal 2025 prior to the stock market open on Tuesday, May 6, 2025. The release will be followed by a conference call at 10:00 a.m. Central/11:00 a.m. Eastern time. Participants may listen to the call live on the internet through the investor relations section of the company's website: investors.marcuscorp.com, or by dialing 1-404-975-4839 and entering the passcode 131690. Listeners should dial in to the call at least 5-10 minutes prior to the start of the call or should go to the website at least 15 minutes prior to the call to download and install any necessary audio software. A telephone repla

      4/23/25 1:23:00 PM ET
      $MCS
      Movies/Entertainment
      Consumer Discretionary