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Benzinga

Business

Shivani Kumaresan

What's Going On With Kohl's Shares Today

Kohl KSS Peter Boneparth Macellum Advisors NYSE Sycamore Partners

Kohl's Corp (NYSE:KSS) shareholders have voted to re-elect all thirteen of the company's director nominees at the 2022 Annual Meeting of Shareholders.
"We would like to thank our shareholders for their support throughout this proxy contest," said Peter Boneparth, Chairman of the Board.
The preliminary result means that shareholders have voted down Macellum Advisors' director nominees.
Macellum Capital Management, an activist investment firm founded in 2009 by Jonathan Duskin, nominated a slate of candidates for election to the Kohl's board.
Kohl's is in the process of evaluating offers from bidders, with private-equity firm Sycamore Partners and Canada's Hudson's Bay Co. among those considering deals for the retailer, Reuters reported.
Price Action: KSS shares are trading lower by 2.81% at $48.00 on the last check Wednesday.

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