Dillard's investor requests meeting with ceo
NEW YORK Barington Capital Group announced today that it has sent a second letter to William Dillard, II, the chairman and ceo of Dillard's, repeating its request to meet with Dillard and members of his management team to discuss a variety of measures which Barington believes will maximize shareholder value for the benefit of all of the company's stockholders.
The letter was sent following Barington's receipt of a July 2007 letter from Dillard, in which he did not consent to Barington's initial request to meet with him in order to present suggestions to improve the company's profitability and better utilize its substantial asset base. Instead, Dillard stated that the company's investor relations director "would be happy to speak with you regarding our corporate strategy and answer your questions."
In the letter, Barington said to Dillard, "As a steward of a publicly-traded company, we had expected that you would be receptive to meeting with one of your larger stockholders, especially one with substantial experience helping improve shareholder value as a long-term investor in a number of retail companies."