Children’s Place preps for board seat fight

Secaucus, N.J. The Children’s Place Retail Stores announced on Monday that it filed an investor presentation with the Securities and Exchange Commission urging stockholders to reject former chief Ezra Dabah’s nominees.

The presentation, filed in connection with the company’s upcoming annual meeting slated for July 31, recommends that stockholders vote for the three Children’s Place incumbent director nominees, and reject the three hand-picked nominees of former chairman and CEO Ezra Dabah.

Since Dabah and his father-in-law Stanley Silverstein are existing members of the Children’s Place board, election of his nominees would result in five of the nine members of the board being Dabah's personal designees.

The presentation highlights current board achievements, and criticizes the last years with Dabah at the helm -- including an analysis of Dabah’s “ill-conceived and badly executed strategy and his disregard of accepted corporate governance standards.”

The complete investor presentation is available under the "Investor Relations" section of the Children’s Place Web site at childrensplace.com and at the SEC's Web site at sec.gov.