MACK-CALI REALTY CORPORATION (NYSE:CLI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02 Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

On April26, 2017, Roseland Residential Trust (Roseland), a
wholly-owned subsidiary of Mack-Cali Realty Corporation (the
Company), the general partner of Mack-Cali Realty, L.P. (the
Operating Partnership), entered into a new employment agreement
(the Tycher Employment Agreement) with Marshall B. Tycher, which
replaces Mr.Tychers previous employment agreement dated
October23, 2012 and provides for Mr.Tychers continued service as
Chairman of Roseland. The Tycher Employment Agreement provides as
follows:

An initial term through December31, 2019;

An annual base salary of $800,000;

A target annual bonus opportunity of one hundred twenty-five
percent (125%) of base salary, or $1,000,000, with a threshold
bonus opportunity of fifty percent (50%), or $400,000, and a
maximum bonus opportunity of two hundred percent (200%), or
$1,600,000, to be based on objective performance goals to be
established annually by the Compensation Committee;

Upon a termination on account of death or disability, Mr.Tycher,
or his beneficiaries in the case of death, will receive a lump
sum payment consisting of accrued and unpaid base salary, expense
reimbursement and benefits under the Companys health and welfare
plans through the termination date, any earned but unpaid annual
bonus for the previous year, plus a prorated portion of the
annual bonus payable for the year of such termination;

Upon a termination without cause (as defined in the Tycher
Employment Agreement) or by Mr.Tycher for good reason (as defined
in the Tycher Employment Agreement) during the term of the Tycher
Employment Agreement or thereafter during a change in control
period (as defined in the Tycher Employment Agreement), subject
to Mr.Tycher signing a release in the form attached to the Tycher
Employment Agreement, Mr.Tycher will be entitled to the same
benefits as in the event of a termination due to death or
disability, plus a lump sum cash payment equal to one and
one-half (1.5) times the sum of (i)his annual base salary
immediately prior to the termination date, and (ii)his target
bonus for the year during which termination occurs; and

At any time on or after July1, 2018, Mr.Tycher may elect to step
down as Chairman of Roseland and continue as non-executive
Chairman for a reduced salary of $400,000 annually (the
Transition), provided that any such Transition will not trigger
any severance benefits payable under the Tycher Employment
Agreement.

Under the Tycher Employment Agreement, Mr.Tycher will be subject
to certain restrictive covenants, including non-competition and
non-solicitation covenants during his employment with the Company
and for two years and one year after termination of employment
for the non-competition and non-solicitation covenants,
respectively, in circumstances in which he is entitled to receive
severance benefits under the Tycher Employment Agreement
following the termination of employment. A copy of the Tycher
Employment Agreement is filed herewith as Exhibit10.1 and is
incorporated herein by reference.

Item 9.01 Financial Statements and
Exhibits.

(d) Exhibits

About MACK-CALI REALTY CORPORATION (NYSE:CLI)

Mack-Cali Realty Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company owns and operates a real estate portfolio of Class A office and office/flex properties. It operates in three segments: commercial and other real estate, multi-family real estate and multi-family services. Its commercial and other real estate provides leasing, property management, acquisition, development, construction and tenant-related services for its commercial and other real estate, and multi-family real estate portfolio. Its multi-family services business also provides similar services for third parties. It owned or had interests in approximately 248 properties, consisting of approximately 119 office and approximately 110 flex properties, totaling approximately 26.6 million square feet, leased to approximately 1,600 commercial tenants and approximately 19 multi-family rental properties containing approximately 5,614 residential units, plus developable land.

MACK-CALI REALTY CORPORATION (NYSE:CLI) Recent Trading Information

MACK-CALI REALTY CORPORATION (NYSE:CLI) closed its last trading session down -0.31 at 27.05 with 617,834 shares trading hands.