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Shareholders of the T-shirt manufacturer voted to place Chamandy back on its board alongside a slate of candidates put forward by activist investors on Tuesday, capping a months-long leadership battle.
Gildan Activewear Inc. says just shy of 84 per cent of shareholder votes cast in its Tuesday election were in favour of the company's newly returned CEO retaking his place on the company's board.
As Gildan Activewear Inc. executives continued to argue with its top shareholders over who should lead the company, which is open to a sale, the business reported its earnings fell almost 20 per cent in its first quarter.
Company Launches Annual Meeting Website: www.futureofgildan.comBoard Urges Shareholders to Vote on the BLUE Proxy Card “FOR” ALL of Gildan’s Qualified and Experienced Director Nominees Board...
Activist investor Browning West says it is committed to electing its own slate of eight board members and reinstalling co-founder and former CEO Glenn Chamandy, who the board dismissed in December