Kohl s expands board of directors after annual meeting
Kohl s Corp. is moving forward with an expanded board of directors in response to a public campaign by a group of investors earlier this year.
Kohl s shareholders elected the company s 12 nominees to the board of directors during the Menomonee Falls-based retailer s virtual annual meeting of shareholders on Wednesday.
The candidates received an average vote of more than 96% of votes cast.
Kohl s announced in mid-April that the company had reached an agreement with a group of investors that had launched a campaign seeking to gain control of the board of directors.
As part of that agreement, Kohl s expanded its board of directors from 12 members to 15. Kohl s CEO Michelle Gass holds one seat; the rest are independent from the company. Two of the three new directors were nominated by the investor group.
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Rexnord, Regal Beloit merger headlines recent big deals in region
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Rexnord Corp.
There has been plenty of merger and acquisition activity in Wisconsin in the past year, even after the COVID-19 pandemic introduced new uncertainty and slowed the pace of deals for several months. One of the…
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There has been plenty
of merger and acquisition activity in Wisconsin in the past year, even after the COVID-19 pandemic introduced new uncertainty and slowed the pace of deals for several months.
One of the biggest deals of the past 12 months was just announced in mid-February as Milwaukee-based Rexnord Corp. will spin off its process and motion control business, which is the legacy portion of the company, and then merge it with Beloit-based Regal Beloit Corp.