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Activist investors have slightly shifted their strategy to take over the board at Kohl’s Corp., reducing their director nominations from nine to five candidates. The group, which includes Macellum Advisors GP LLC, Ancora Holdings Inc., Legion Partners Asset Management LLC and 4010 Capital LLC and collectively owns 9.5% of the retailer’s outstanding stock, publicly launched a campaign last month to overhaul Kohl’s 12-person board in an effort to improve financial performance. Kohl’s continues to In a revised proxy statement Thursday morning, the investors called on stockholders to elect their five nominees as replacements for who they identify as the five “least qualified” incumbent board directors. Those directors include John Schlifske, chairman, president and CEO of Northwestern Mutual, and Jonas Prising, chairman and CEO of Manpower Group. This is the first time the group has targeted specific board members by name, saying they “lack relevant retail and gover

United statesCynthia murrayThomas kingsburyJeffrey kantorJohn schlifskeRobbin mitchellJonathan duskinMargaret jenkinsBurlington storesManpower groupLegion partners asset managementDenny incAncora holdings incKohl corpMacy incBoston consulting group