Content about Corporations law

May 15, 2013
Safeway stockholders approve BOD recommendations

Preliminary results from the Safeway annual stockholder’s meeting show that a majority of stockholders followed board of directors recommendations in electing each of the eight directors with a majority of at least 73%.

September 26, 2012
Wet Seal says proxy advisors oppose Clinton Group proposal

The Wet Seal said that two independent proxy advisors, Institutional Shareholder Services and Egan-Jones Proxy Services, recommended that the chain’s shareholders reject efforts by Clinton Group to replace six members of the company’s board of directors.

September 21, 2012
CEO Compensation Trends

Executive compensation has always been a hot topic in corporate America — and the retail industry is no exception. These days, two trends are upping the attention paid to pay at the top: the ongoing move to performance-based equity, and the scrutiny compensation packages are receiving from increased SEC regulations and shareholder involvement.

September 17, 2012
Wet Seal shareholder nominates new slate for board

The Clinton Group Inc., a 7% shareholder in Wet Seal, made a formal request to replace most of the retailer’s current board of directors.

April 24, 2012
Walmart offers response to New York Times article

In response to the New York Times article about compliance with the U.S. Foreign Corrupt Practices Act, Wal-Mart VP corporate communications, David Tovar on Tuesday made the following statement:

July 29, 2011
Borders to sell name, website

According to court papers filed with the U.S. Bankruptcy Court in Manhattan, Borders Group is planning to auction off its intellectual property, including the Borders brand name and the Borders.com website, in a move that will enable the brand to live on after liquidation in a limited fashion.

July 14, 2011
Borders moves closer to liquidation as bankruptcy court judge okays Borders auction

Borders Group moved closer to liquidation after a judge on Thursday approved its motion to auction itself off with an offer from liquidators as its opening bid.

June 23, 2011
Report: Rate of CEO dismissals on the rise

A report released Thursday by The Conference Board said that the rate of dismissal of CEOs in the S&P 500 due to disciplinary actions has increased in recent years, while 25% of boards of directors facing a chief executive succession have opted for an outside hire.

June 17, 2011
Borders extends leases on 11 stores

Borders Group has reached agreements with its landlords to extend the leases on 11 stores it had previously asked a bankruptcy court to shutter, the Associated Press reported.

June 8, 2011
Blake Nordstrom joins Whole Foods Market board

Whole Foods Market announced the addition of Blake W. Nordstrom to the company's board of directors, increasing the size of the board to 12 members. He will serve on the audit committee.

March 11, 2011
Blockbuster cleared for sale process, will avoid liquidation

A Manhattan bankruptcy judge on Thursday has cleared the path for Blockbuster to sell itself to a group of hedge funds, preventing the movie rental chain from having to liquidate its assets.

March 9, 2011
Hudson Capital Partners acquires Robb & Stucky

The sale of the financially-beleaguered furniture retailer Robb & Stucky to liquidation firm Hudson Capital Partners of Massachusetts was approved Tuesday at a bankruptcy hearing in Tampa, the South Florida Sun-Sentinel reported.

September 19, 2010
Advisor backs Burkle nominees in Barnes & Noble proxy fight

Proxy-advisory firm Institutional Shareholders Services (ISS) said it has recommended that Barnes & Noble shareholders...

August 19, 2010
Lowe's names former McDonald’s chief to board

Lowe’s Cos. said Friday it has appointed former McDonald’s Corp. president and CEO Raul Alvarez,...

June 20, 2010
Blockbuster again urges 'no' on board activist

As part of the continuing coverage of Blockbuster’s upcoming June 24 shareholder vote, Blockbuster said...

June 8, 2010
Blockbuster again asks shareholders to back board

Blockbuster has again urged its shareholders to elect its preferred choice to the company board...

May 26, 2010
Finish Line chairman to retire

The Finish Line announced that Alan H. Cohen, the company's co-founder and chairman of the...

May 18, 2010
Cabela's re-elects board nominees

Cabela’s announced Wednesday that shareholders re-elected all nine of the nominees to its board of...

May 18, 2010
Saks shareholders urged to vote for board proposal

P. Schoenfeld Asset Management LP urged Saks shareholders on Wednesday to vote in favor of...

March 21, 2010
Kohl's Corp. elects new board member

Kohl’s Corp. announced that its board of directors has elected Nina G. Vaca as a...

March 7, 2010
Whole Foods investors to vote on board removal rule

Whole Foods Market investors will vote on Monday on a proposal that would make it...

January 25, 2010
Filene’s Chapter 11 plan confirmed

Abacus Advisors LLC announced Tuesday that FB Liquidating Estate (formerly known as Filene’s Basement) confirmed...

December 9, 2008
Casual Male Creates Takeover Protection Plan

With retail stock prices near record lows, it’s likely that more companies will follow in...

November 11, 2008
Cost Plus Appoints New Exec to Board of Directors

Cost Plus announced that Willem Mesdag has been appointed by its board of directors to...

October 7, 2008
Report: Linens ’n Things Looking at Liquidation

Linens ’n Things chief restructuring officer Michael Gries on Tuesday asked permission of the bankruptcy...

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