Office Depot Sets Reverse Stock Split
With an effective date of June 30, Office Depot’s board of directors has approved a reverse stock split of the company’s common stock at a ratio of 1-for-10.
board of directors
Overstock Taps Nettles As Independent Director
The board of directors of Overstock has appointed William Nettles as a new independent director. Nettles is a co-founder and managing partner of Invictus Growth Partners, a private equity firm located in San Francisco that invests in and advises automation-enabled technology companies.
Bed Bath & Beyond Appoints Edelman Independent Chair Of The Board
Bed Bath & Beyond has appointed Harriet Edelman as independent chair of the board, effective immediately. Patrick Gaston has stepped down as chairman of the board and, after 13 years as a director of the company, has notified the board that he does not plan to stand for re-election at the company’s 2020 annual meeting of shareholders.
Dahnke To Succeed Bellamy As Williams-Sonoma’s Chair Of The Board
Williams-Sonoma’s Adrian Bellamy will retire as chair of the board of directors, effective June 3, 2020, the date of the company’s annual meeting of stockholders. The board has appointed Scott Dahnke to succeed Bellamy as the new chair.
Nordstrom Adds Donald, Tritton To Board Of Directors
Nordstrom has appointed two new members to its board of directors: Jim Donald, co-chairman of Albertsons board of directors and Mark Tritton, president and CEO of Bed Bath & Beyond.
Kohl’s Adds Cosset To Board Of Directors
Kohl’s board of directors has increased the size of the board to 12 members and appointed Kroger’s Yael Cosset to fill the new board seat effective February 2, 2020.
Bed Bath & Beyond Receives Corporate Board Gender Diversity Award
Bed Bath & Beyond has received Executive Women of New Jersey’s (EWNJ) 2019 Corporate Board Gender Diversity Award in recognition of the company’s impactful level of gender inclusion by having three or more women on its board of directors.
Ulta Beauty Adds Smith To Board Of Directors
Ulta Beauty has appointed Mike Smith, president and chief operating officer of Stitch Fix, to its board of directors.
Kohl’s Elects Bender To Board Of Directors
Kohl’s has increased the size of its board of directors to 11 members and elected Michael Bender to fill the new board seat effective immediately.
J.C. Penney Elects Jones To Board Of Directors
J.C. Penney has elected W. Paul Jones, a retail industry veteran with more than 30 years of department store and specialty retailing experience, to its board of directors.
Investor Group Files Complaint Against Bed Bath & Beyond
An activist investor group, Legion Partners Holdings, Macellum Advisors and Ancora Advisors, said that Legion has filed a complaint in the U.S. District Court, Southern District of New York against Bed Bath & Beyond regarding the group’s proxy fight.
Investor Group: More Changes Needed At Bed Bath & Beyond
Following Bed Bath & Beyond’s recent changes to its board, an activist investor group composed of Legion Partners Holdings, Macellum Advisors and Ancora Advisors, have released a presentation outlining its strategic plan for the retailer. Within hours, Bed, Bath & Beyond responded.
Bed Bath & Beyond Shakes Up Board Of Directors
Pressured by activist investor groups and its recent financial results, Bed Bath & Beyond is shaking up its board. The board will now comprise 10 directors, nine of whom are independent.
Publix Elects Jenkins To Board
During its annual meeting of stockholders, Publix elected Jennifer Jenkins to its board of directors. In addition, Barney Barnett, Jane Finley and Charlie Jenkins Jr. retired from the board.
Rite Aid Adds Executives To Board Of Directors
Rite Aid’s board of directors has appointed Elizabeth Burr, who most recently served as chief innovation officer and vp/health care trend and innovation at Humana, and Katherine Quinn, who currently serves as vice chairman and chief administrative officer of U.S. Bancorp, to the company’s board.
Tehrani Joins TTU Board Of Directors
TTU has announced that Amir Tehrani, a partner of the company, has joined the company’s board of directors and will also assume a senior leadership role. The news, according to a statement on the TTU website, comes on the heels of Dar Molayem, co-founder, president and CMO, announcing his retirement.
Stagner Out As Mattress Firm CEO
The Mattress Firm board of directors has accepted the resignation of executive chairman, president and CEO Steve Stagner.
Starboard Withdraws Board Challenge At Dollar Tree
Activist investor Starboard Value, which has pushed for changes at Dollar Tree, has decided to withdraw its slate of nominees for election to Dollar Tree’s board of directors at the 2019 annual meeting of shareholders.
Williams-Sonoma Elects Dahnke To Board
Williams-Sonoma has elected Scott Dahnke to its board of directors.
Bed, Bath & Beyond Responds To Activist Investor Group
Bed Bath & Beyond has released a statement in response to a press release issued by Legion Partners Asset Management, Macellum Advisors GP and Ancora Advisor following reports that the three investor groups are looking to replace the company’s board of directors and CEO.