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Kohl s board will be challenged again by investors, Reuters reports

Kohl s expands board of directors after annual meeting

Kohl s expands board of directors after annual meeting Kohl s Corp. is moving forward with an expanded board of directors in response to a public campaign by a group of investors earlier this year.  Kohl s shareholders elected the company s 12 nominees to the board of directors during the Menomonee Falls-based retailer s virtual annual meeting of shareholders on Wednesday.  The candidates received an average vote of more than 96% of votes cast.  Kohl s announced in mid-April that the company had reached an agreement with a group of investors that had launched a campaign seeking to gain control of the board of directors.  As part of that agreement, Kohl s expanded its board of directors from 12 members to 15. Kohl s CEO Michelle Gass holds one seat; the rest are independent from the company. Two of the three new directors were nominated by the investor group. 

What s Driving Kohl s Partnerships With Tommy Hilfiger

What s Driving Kohl s Partnerships With Tommy Hilfiger
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US omnichannel retailer Kohl s and Investor Group reach agreement

Fibre2Fashion Toggle navigation 21 Pic: Sundry Photography / Shutterstock.com Kohl’s Corporation, a leading omnichannel retailer in the US, has entered into a settlement agreement with Macellum Advisors GP, LLC, Ancora Holdings, Inc., Legion Partners Asset Management, LLC, and 4010 Capital, LLC (collectively, the Investor Group), which together own 9.3 per cent of Kohl’s outstanding common stock, including options. As part of the agreement, two new independent directors nominated by the Investor Group, Margaret Jenkins and Thomas Kingsbury, will join the Kohl’s board of directors, as of the close of the 2021 Annual Meeting of Shareholders. An additional independent director identified by Kohl s, and agreed to by the Investor Group, Christine Day, will join the board at the same time.

Kohl s adds three independent directors, expands share repurchase program, ending dispute with activist investors

Kohl s adds three independent directors, expands share repurchase program, ending dispute with activist investors
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