Content about Business law

August 11, 2014

Destination Maternity Corporation’s Ed Krell is stepping down as the company's CEO and as a member of its board of directors. Anthony M. Romano has been tapped as new executive chief and will be appointed to the board, effective immediately.

Destination Maternity Corporation’s Ed Krell is stepping down as the company's CEO and as a member of its board of directors. Anthony M. Romano has been tapped as new executive chief and will be appointed to the board, effective immediately.

June 16, 2014

The U.S. economy has undergone significant financial and social upheaval over the past five years, with companies seemingly invincible to the vagaries of the financial markets disappearing overnight.

The U.S. economy has undergone significant financial and social upheaval over the past five years, with companies seemingly invincible to the vagaries of the financial markets disappearing overnight. Many companies have been forced to contract by closing unprofitable stores, laying off employees, reducing spending, deferring research and development, or have been acquired by more profitable companies. With few exceptions, those companies that have survived have done so by cutting costs to the bone.

June 13, 2014

All 10 members of Target’s board of directors were re-elected at the retailer’s annual meeting on June 11, but there was strong opposition to several members and a proposal requiring an independent chairman nearly passed.

All 10 members of Target’s board of directors were re-elected at the retailer’s annual meeting on June 11, but there was strong opposition to several members and a proposal requiring an independent chairman nearly passed.

August 26, 2013

Big Lots has reappointed Russell Solt to its board of directors after determining that the move is in the best interests of the company and its shareholders.

COLUMBUS, Ohio — Big Lots has reappointed Russell Solt to its board of directors after determining that the move is in the best interests of the company and its shareholders. 

Solt will also continue to serve as chairman of the compensation committee, which is composed entirely of independent non-executive directors. Consistent with the terms of the company's other directors, Solt's term will run until the 2014 annual meeting of shareholders.

July 2, 2013

La-Z-Boy has nominated Michael T. Lawton to serve a one-year term on the company's board of directors. La-Z-Boy shareholders will get to vote at the annual meeting, Aug. 21.

MONROE, Mich. — La-Z-Boy has nominated Michael T. Lawton to serve a one-year term on the company's board of directors. La-Z-Boy shareholders will get to vote at the annual meeting, Aug. 21.

June 28, 2013

Kid Brands' board is going to see some changes, following Hugh Rovit's announcement that he will not be seeking re-election as a director at the company's annual shareholders meeting.

EAST RUTHERFORD, N.J. — Kid Brands' board is going to see some changes, following Hugh Rovit's announcement that he will not be seeking re-election as a director at the company's annual shareholders meeting.

June 13, 2013

The entire Walmart board was re-elected last Friday at the company’s shareholders meeting, but a substantial number of negative votes indicate some investors are not happy with long-time board members and key senior leaders.

The entire Walmart board was re-elected last Friday at the company’s shareholders meeting, but a substantial number of negative votes indicate some investors are not happy with long-time board members and key senior leaders.

June 12, 2013

The Target board of directors demonstrated its faith in the company’s cash generating capabilities on Wednesday and agreed to up the company’s quarterly dividend 19% to 43 cents a share.

The Target board of directors demonstrated its faith in the company’s cash generating capabilities on Wednesday and agreed to up the company’s quarterly dividend 19% to 43 cents a share.
 
The hefty increase ups the annual payout to $1.72 and moves the company closer to a long-term commitment to increase the full-year dividend amount to $3 by 2017. In addition, the company has established a target of growing earnings per share to $8 over the same time frame, up from $4.26 last year.

June 11, 2013

The TJX Companies' shareholders elected Dawn Lepore to its board of directors at the company’s annual meeting. Lepore joins 10 ongoing directors who were reelected at the meeting.

FRAMINGHAM, Mass. — The TJX Companies' shareholders elected Dawn Lepore to its board of directors at the company’s annual meeting. Lepore joins 10 ongoing directors who were re-elected at the meeting.

June 7, 2013

Walmart’s board of directors has given the company the green light to repurchase $15 billion of its shares, effective June 6, the company announced at its annual shareholders meeting.

BENTONVILLE, Ark. — Walmart’s board of directors has given the company the green light to repurchase $15 billion of its shares, effective June 6, the company announced at its annual shareholders meeting. 

This program replaces the previous $15 billion program announced on June 3, 2011. As of June 6, the company had approximately $712 million remaining on the 2011 Authorization. Under the share repurchase program, repurchased shares are constructively retired and returned to unissued status.

May 6, 2013

The Jones Group Inc. has nominated chairman and CEO of Barington Capital Group James A. Mitarotonda to stand for election to the board of directors at the company's 2013 annual meeting of stockholders.

NEW YORK — The Jones Group Inc. has nominated chairman and CEO of Barington Capital Group James A. Mitarotonda to stand for election to the board of directors at the company's 2013 annual meeting of stockholders. 

With the addition of Mitarotonda, the Jones board of directors will expand to 11 members, 8 of whom are independent, 10 of whom are non-management and all of whom are annually elected.  

April 25, 2013

Aaron's, a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, has named David L. Buck as its new COO.

ATLANTA — Aaron's, a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, has named David L. Buck as its new COO.
 
The company’s current COO, Ken Butler, 60, will retire May 1, after 39 years. Butler will also resign from the board of directors.
 

October 5, 2012

Wet Seal, just days after encouraging its shareholders to reject efforts by Clinton Group to replace its board of directors, reached an agreement with Clinton Group giving them four spots on its board of directors.

FOOTHILL RANCH, Calif. — Wet Seal, just days after encouraging its shareholders to reject efforts by Clinton Group to replace its board of directors, reached an agreement with Clinton Group giving them four spots on its board of directors.

As part of the settlement agreement, Clinton Group, which beneficially owns approximately 6.9% of Wet Seal common stock, has terminated its consent solicitation. In addition, Jonathan Duskin, Sidney Horn, Hal Kahn and Henry Winterstern have resigned from the board of directors.

September 23, 2011

Target's entry into Canada is nearing completion, as the company Friday finalized its real estate transaction with Zellers Inc. with the selection of 84 additional Zellers leases, bringing the total number of leases selected, including an initial group of 105 leases selected in May, to 189.

MINNEAPOLIS — Target's entry into Canada is nearing completion, as the company Friday finalized its real estate transaction with Zellers Inc. with the selection of 84 additional Zellers leases, bringing the total number of leases selected, including an initial group of 105 leases selected in May, to 189. From this second group, Target has acquired the leasehold interests for 29 locations, the vast majority of which will open as Target stores beginning in 2013. The remaining leases have been or will be sold to other Canadian retailers or back to landlords.

April 21, 2011

It has become something of a tradition at Walmart’s annual meeting that shareholders are asked to consider a number of proposals, which the board of directors typically recommends shareholders reject. It appears likely that will be the case again this year when the shareholders’ meeting is held on June 3 and five proposals are on the ballot.

It has become something of a tradition at Walmart’s annual meeting that shareholders are asked to consider a number of proposals, which the board of directors typically recommends shareholders reject. It appears likely that will be the case again this year when the shareholders’ meeting is held on June 3 and five proposals are on the ballot.

June 21, 2010

Dollar Tree announce that its shareholders have elected Conrad Hall, who had been previously appointed...

June 10, 2010

Target announced that its shareholders approved a proposal to declassify its board of directors. As...