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.
board of directors
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.
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.
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.
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.
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.
BJ’s Wholesale Club has appointed Christopher Peterson, executive vice president, chief financial officer of Newell Brands, to its board of directors. He will serve as chair of the board’s audit committee.
Dollar Tree has appointed Thomas Dickson as a new independent director to the company’s board, effective January 1, 2019. Dickson’s appointment is to fill the vacancy created by the previously announced retirement of Mary Anne Citrino as a director.
Williams-Sonoma has appointed Anne Mulcahy to its board of directors.
At its quarterly board meeting during the Fall High Point Market, the High Point Market Authority recognized outgoing members of its board of directors for their service to the organization.