Macellum

Macellum Issues Letter to Fellow Shareholders Regarding its Desire to Collaborate with the Kohl’s Board of Directors on an Immediate and Targeted Refresh

Retrieved on: 
Thursday, October 13, 2022

These directors then oversaw a slow moving and seemingly flawed sale process that collapsed this summer following months of foreseeable financing market deterioration.

Key Points: 
  • These directors then oversaw a slow moving and seemingly flawed sale process that collapsed this summer following months of foreseeable financing market deterioration.
  • We recently approached the Board to collaborate on a refresh of the Board that could support long-term improvement at Kohls.
  • We humbly ask likeminded shareholders to communicate their dissatisfaction with the status quo and desire not to wait until May of 2023 for Board change.
  • For shareholders interested in further evaluation we have complied a resource center which can be accessed by the below hyperlinks.

Kohl’s Investor Alert: Kaplan Fox Investigates Potential Securities Fraud and Breach of Fiduciary Duty at Kohl’s

Retrieved on: 
Wednesday, September 14, 2022

NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) is investigating claims on behalf of investors of Kohls Corporation (Kohls or the "Company) (NYSE: KSS).

Key Points: 
  • NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP ( www.kaplanfox.com ) is investigating claims on behalf of investors of Kohls Corporation (Kohls or the "Company) (NYSE: KSS).
  • You need not seek to be ome a lead plaintiff in order to share in any possible recovery.
  • WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey.
  • With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Kohl’s Corporation (KSS)

Retrieved on: 
Tuesday, September 6, 2022

Further, the press release quoted Kohls Chief Executive Officer Defendant Michelle Gass, who stated, in relevant part, [t]he year has started out below our expectations.

Key Points: 
  • Further, the press release quoted Kohls Chief Executive Officer Defendant Michelle Gass, who stated, in relevant part, [t]he year has started out below our expectations.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq.
  • of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected] .

ISS Recommends SpartanNash Shareholders Vote for Boardroom Change on Macellum and Ancora’s BLUE Proxy Card

Retrieved on: 
Tuesday, May 31, 2022

In particular, ISS recommends the addition of two of the Investor Groups nominees Michael Lewis and John Fleming to SpartanNashs Board of Directors (the "Board").

Key Points: 
  • In particular, ISS recommends the addition of two of the Investor Groups nominees Michael Lewis and John Fleming to SpartanNashs Board of Directors (the "Board").
  • Jonathan Duskin, Managing Partner of Macellum, and Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora, commented:
    "We are pleased that ISS has endorsed our case for change at SpartanNash and recommended shareholders vote on the BLUE proxy card to elect two of our highly qualified, independent director candidates to the Companys nine-member Board.
  • In evaluating the level of change required to preserve and enhance value going forward, we urge fellow shareholders to also vote for the shareholder representative on our slate.
  • However, when management is entrenched, Macellum has run successful proxy contests to effectuate meaningful change.

Macellum Issues Statement Regarding the Need for the Kohl’s Board to Complete a Value-Maximizing Sale as Retail Sector Peers Outperform

Retrieved on: 
Friday, May 27, 2022

The dismal results produced by Kohls in recent quarters cannot be blamed on economic headwinds, supply chain issues and sweeping deterioration of the industry.

Key Points: 
  • The dismal results produced by Kohls in recent quarters cannot be blamed on economic headwinds, supply chain issues and sweeping deterioration of the industry.
  • This week, shareholders were given a little insight into where the stock is headed if the Company is not sold.
  • We strongly urge all shareholders to insist the Board accept the best and highest offer received at the conclusion of the ongoing sale process.
  • Macellum Capital Management is an activist investment firm, with deep expertise in the retail and consumer sectors, founded in 2009 by Jonathan Duskin.

Securities Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of Kohl’s Corporation (NYSE: KSS) Investors

Retrieved on: 
Wednesday, May 25, 2022

The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) is currently investigating potential violations of the federal securities laws on behalf of investors of Kohls Corporation ( NYSE: KSS ) (Kohls).

Key Points: 
  • The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) is currently investigating potential violations of the federal securities laws on behalf of investors of Kohls Corporation ( NYSE: KSS ) (Kohls).
  • If you are a Kohls investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq.
  • Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.
  • For more information about Kessler Topaz Meltzer & Check, LLP , please visit www.ktmc.com .

Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of Kohl’s Corporation (NYSE: KSS) Investors

Retrieved on: 
Tuesday, May 24, 2022

RADNOR, Pa., May 24, 2022 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) is currently investigating potential violations of the federal securities laws on behalf of investors of Kohls Corporation ( NYSE: KSS ) (Kohls).

Key Points: 
  • RADNOR, Pa., May 24, 2022 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) is currently investigating potential violations of the federal securities laws on behalf of investors of Kohls Corporation ( NYSE: KSS ) (Kohls).
  • If you are a Kohls investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq.
  • Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.
  • Kessler Topaz Meltzer & Check, LLP

Macellum Issues Statement Regarding the Kohl’s Board’s Apparent Breach of Fiduciary Duty and Failure to Disclose Material Information Prior to 2022 Annual Meeting

Retrieved on: 
Friday, May 20, 2022

Under the right oversight and leadership that has sufficient expertise and a viable strategy, we firmly believe Kohls will consistently deliver superior operating and financial results.

Key Points: 
  • Under the right oversight and leadership that has sufficient expertise and a viable strategy, we firmly believe Kohls will consistently deliver superior operating and financial results.
  • It was alarming to learn yesterday that the current Board appears to have withheld material information from shareholders about the state of Kohls in the lead-up to this years pivotal annual meeting.
  • If any of the current directors were aware of this material information prior to the annual meeting, their involvement in any decision to withhold the news prior to a monumental shareholder vote suggests to us a clear breach of fiduciary duty.
  • Either way, Kohls should immediately appoint three of our nominees including a shareholder representative from Macellum to the Board to replace three long-serving incumbents.

Macellum and Ancora Issue Supplemental Presentation Regarding SpartanNash

Retrieved on: 
Wednesday, May 18, 2022

We strongly believe that all three nominees, who collectively possess the right skills, experience and perspectives to help drive long-term value at SpartanNash.

Key Points: 
  • We strongly believe that all three nominees, who collectively possess the right skills, experience and perspectives to help drive long-term value at SpartanNash.
  • Macellum Capital Management is an activist investment firm, with deep expertise in the retail and consumer sectors, founded in 2009 by Jonathan Duskin.
  • Macellum prefers to constructively engage with management to improve its governance and performance for the benefit of all shareholders.
  • However, when management is entrenched, Macellum has run successful proxy contests to effectuate meaningful change.

SpartanNash Files Investor Presentation Highlighting Transformed Board and Management that is Executing Winning Strategy to Drive Shareholder Value

Retrieved on: 
Monday, May 16, 2022

The presentation is available at SpartanNashTransformation.com or on the investor relations section of the Companys website.

Key Points: 
  • The presentation is available at SpartanNashTransformation.com or on the investor relations section of the Companys website.
  • Our presentation highlights how our talented, diverse and engaged Board brings the expertise and skills required to successfully guide the Company forward.
  • When change was warranted, our Board acted decisively to drive a comprehensive company transformation, appoint new management and improve operating performance.
  • We believe that the changes sought by the Investor Group are not only unwarranted but would risk the value of your investment in SpartanNash.