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Benzinga
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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