Page 11 - Peter Boneparth News Today

Kohl’s Corporation announced on Wednesday, May 11 that shareholders have voted to re-elect all thirteen of its director nominees to the company’s Board of Directors.

Menomonee Falls-based Kohl’s Corp. announced Wednesday that shareholders have re-elected all 13 incumbent board directors over the 10 candidates nominated by activist investor Macellum Capital Management.

Kohls Corp. held its annual shareholder meeting Wednesday in which investors voted to reelect the board members.

Kohl’s (NYSE: KSS) shareholders have chosen to reelect its current 13 board of directors, despite the pressure it has faced from activists for its restructuring, according to the company.

Kohl's shareholders rejected all 10 board nominees pushed by activist investor Macellum Advisors and instead voted in support of the existing board.

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The pitchforks have been out for Kohls over the past year. Activist investors have criticized the department stores strategy, blasted its CEO and tried to replace its board of directors.

Kohls Corp. held its annual shareholder meeting Wednesday in which investors voted to reelect the board members.

Kohls Corp. held its annual shareholder meeting Wednesday in which investors voted to reelect the board members.

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