Mark A. Gramz, president of Marcus Theatres, will retire on March 31 2026 after 55 years of service with the company. He will transition to an advisory role to provide continuity during the leadership change.
Marcus Theatres is the fourth‑largest movie‑theater circuit in the United States, operating 985 screens at 78 locations across 17 states. Gramz has led the division since 2022, after rising from a part‑time ticket taker in high school to president of the corporate team in 1990.
The company has launched a national search for a new president, considering both internal and external candidates. The search aims to maintain operational stability while exploring fresh strategic direction for the division.
Marcus Corporation reported Q3 2025 results of total revenues of $210.2 million, a 9.7% decline from the prior year, and net earnings of $16.2 million versus $23.3 million in Q3 2024. Marcus Theatres revenue fell 16.6% to $119.9 million, attributed to a weaker box office, lack of a breakout blockbuster, and fewer family films.
In addition, the company increased its quarterly cash dividend by 14% to $0.08 per share, effective September 2025, elected Paul A. Leff to its board, and authorized the repurchase of up to 4 million shares of common stock.
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