Kohl's (KSS) Confirms Shareholders Re-elect All Directors
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Kohl's wins proxy battle against activist investor Macellum, stock falls
May 11, 2022 8:58 AM UTCBy Svea Herbst-Bayliss and Uday Sampath Kumar
BOSTON (Reuters) - Kohl's Corp investors on Wednesday rejected activist investment firm Macellum Advisors' efforts to replace 10 board directors at a time the retailer began trying to sell itself.
The U.S. department store chain said all 13 Kohl's directors have been re-elected according to a preliminary vote tally.
Kohl's came under fresh pressure from Macellum this year when the hedge fund, led by veteran retail investor Jonathan Duskin, said management and the board were not doing enough to improve business.
... MoreKohl's (KSS) Fends Off Activist Macellum's Bid To Overhaul Board - Bloomberg
May 11, 2022 7:54 AM UTCKohl's (NYSE: KSS) Fends Off Activist Macellum's Bid To Overhaul Board - Bloomberg
... More