In Shakeup Bid, Legion Partners Nominates 7 Candidates to Genesco Board April 14, 2021 at 3:36 PM EDT By Jessie Dowd
5.6% of the outstanding common shares of
Genesco Inc., wants to hold the current Board accountable for what it calls “years of chronic underperformance” by nominating its own new members. Genesco is a footwear and accessories retailer operating more than
1,475 stores in the U.S., Canada, the UK and the Republic of Ireland under banners including
Journeys,
Johnston & Murphy.
Legion Partners issued a letter to shareholders in connection with its nomination of seven independent individuals for election to the company’s Board of Directors at the 2021 Annual Meeting of Shareholders. The nominations include Marjorie L. Bowen, Thomas M. Kibarian, Margenett Moore-Roberts, Dawn H. Robertson, Patricia M. Ross, Georgina L. Russell and Hobart P. Sichel.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Legion Partners Nominates Seven Highly-Qualified, Independent Candidates for Election to Genesco’s Board
April 12, 2021 GMT
LOS ANGELES (BUSINESS WIRE) Apr 12, 2021
Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.6% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today issued a letter to shareholders in connection with its nomination of seven highly-qualified and independent individuals for election to the Company’s Board of Directors (the “Board”) at the 2021 Annual Meeting of Shareholders: Marjorie L. Bowen, Thomas M. Kibarian, Margenett Moore-Roberts, Dawn H. Robertson, Patricia M. Ross, Georgina L. Russell and Hobart P. Sichel.