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.
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.
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.
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’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.
The Mattress Firm board of directors has accepted the resignation of executive chairman, president and CEO Steve Stagner.
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 has elected Scott Dahnke to its board of directors.
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.
Sally Beauty has elected Diana Ferguson, the chief financial officer at Cleveland Avenue, LLC, a venture capital investment firm, to the board of directors at the company’s annual meeting of stockholders.
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.
BJ’s Wholesale Club has appointed Judy Werthauser, evp/chief people officer, Domino’s Pizza, to the company’s board of directors, effective immediately.
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.
Macy’s has appointed David Abney, chairman and chief executive officer of United Parcel Service, Inc., to its board of directors, effective October 25.
As CVS reported that the U.S. Department of Justice will allow it to proceed with its pending acquisition of Aetna, the company also added new board directors and management in anticipation of the merger closing.
Sears Holdings has added Alan Carr, managing member and CEO of Drivetrain, to its board of directors as an independent director.
Pier 1 Imports recently appointed Katherine M.A. (“Allie”) Kline to the company’s board of directors. Kline will also serve as a member of the board’s compensation committee.