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  4. Kohl's investors expected to reject all 10 of activist Macellum's director nominees - sources
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Kohl's investors expected to reject all 10 of activist Macellum's director nominees - sources

By Svea Herbst-Bayliss BOSTON (Reuters) - Kohl's Corp (NYSE:KSS) investors are expected to reject all 10 of activist Macellum Advisors' director nominees in one of the year's most...
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Kohl's investors expected to reject all 10 of activist Macellum's director nominees - sources © Reuters. A shopper pulls a shopping basket at a Kohl’s department store in the Brooklyn borough of New York, U.S., January 25, 2022. REUTERS/Brendan McDermid

By Svea Herbst-Bayliss

BOSTON (Reuters) - Kohl's Corp (NYSE:KSS) investors are expected to reject all 10 of activist Macellum Advisors' director nominees in one of the year's most hotly contested proxy battles, sources familiar with the vote count said on Wednesday.

The U.S. department store chain is expected to hold its annual meeting later on Wednesday when the offical vote count will be announced.

Macellum, led by veteran investor Jonathan Duskin, criticized Kohl's for not doing enough to improve its business and pushed the company to put itself up for sale.

The company countered by saying that its high caliber board has the right experience and expertise to execute on the company's strategy and urged shareholders to back its 13 nominees. The company is currently evaluating bids to sell itself and some investors argued that this process should be completed by the existing board.

Proxy advisory firm Institutional Shareholder Services recommended that Kohl's investors elect two of the 10 board nominees suggested by Macellum.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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GBP/USD

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AUD/USD

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USD/CAD

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
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SJC 1c, 2c, 5c7,380/ 7,550
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SJC 99,99%7,370/ 7,470
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Cập nhật 01-05-2024 10:45:19
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Cập nhật lúc 10:45:15 01/05/2024
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