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Ancora presses Texas' Blucora to sell tax services business TaxAct

Ancora presses Texas' Blucora to sell tax services business TaxAct
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US omnichannel retailer Kohl's and Investor Group reach agreement


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Kohl’s Corporation, a leading omnichannel retailer in the US, has entered into a settlement agreement with Macellum Advisors GP, LLC, Ancora Holdings, Inc., Legion Partners Asset Management, LLC, and 4010 Capital, LLC (collectively, the Investor Group), which together own 9.3 per cent of Kohl’s outstanding common stock, including options.
As part of the agreement, two new independent directors nominated by the Investor Group, Margaret Jenkins and Thomas Kingsbury, will join the Kohl’s board of directors, as of the close of the 2021 Annual Meeting of Shareholders. An additional independent director identified by Kohl s, and agreed to by the Investor Group, Christine Day, will join the board at the same time. ....

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Blucora shareholders re-elect board, reject four Ancora nominees


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BOSTON (Reuters) - Blucora Inc shareholders voted to re-elect the financial services firm’s 10 current board members, rejecting dissident investor Ancora Holdings’ proposal to seat four newcomers, the company said on Wednesday.
Irving, Texas-based Blucora had told shareholders, which include large index funds and hedge funds, that its directors were better qualified to lead the company and that a number of recently made changes were beginning to bear fruit.
The company replaced the chief executive and chief financial officers last year amid concerns about performance, positioned the company’s two tax-focused businesses for long-term growth, and added new independent directors in 2020 and 2021. ....

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