1. Kohl’s: Activist Investor Nominations for Our Board ‘Do Not Measure Up’

    Kohl’s: Activist Investor Nominations for Our Board ‘Do Not Measure Up’

    Kohl’s Corp. has issued a statement in response to an activist investor group’s attempt to nominate five directors to its 12-member board. In an announcement this afternoon, the retailer said the nominees put forth by the group — composed of Macellum Advisors GP LLC, Ancora Holdings Inc., Legion Partners Asset Management LLC and 4010 Capital LLC — lack “critical relevant experience” and “meaningful digital experience.” It added that its own directors “outmatch” the investors’ slate of nominees...

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