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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chicos FAS Inc | NYSE:CHS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.59 | 0 | 01:00:00 |
NEW YORK, June 28, 2016 /PRNewswire/ -- The Barington Group, which collectively beneficially owns more than 1.5% of the outstanding shares of common stock of Chico's FAS, Inc. (NYSE: CHS), announced today that it has sent a letter to the Company's stockholders in connection with its solicitation of proxies to elect its two highly qualified nominees to the Chico's Board. The Barington Group's full letter can be viewed by clicking the following link: http://tinyurl.com/z6dw8nf.
In the letter, the Barington Group outlines the key reasons why stockholders should elect its nominees James Mitarotonda and Janet Grove to the Chico's Board at the 2016 Annual Meeting which is scheduled to be held on July 21, 2016. Specifically:
The Barington Group encourages stockholders to visit its website, www.barington.com/chicos.html, dedicated to the election of its two highly qualified stockholder representatives to the Chico's Board at the Company's upcoming 2016 Annual Meeting. The Barington Group's nominees are:
James A. Mitarotonda – Mr. Mitarotonda, 62, is the Chairman and Chief Executive Officer of Barington Capital Group, L.P. Mr. Mitarotonda is an experienced public company director who has served on more than a dozen boards and has helped numerous public companies improve their long-term financial performance, corporate governance and executive compensation practices. Mr. Mitarotonda is extremely experienced representing and protecting stockholder interests on public company boards.
Janet E. Grove – Ms. Grove, 65, has over 40 years of retail industry experience, including serving as Vice Chairman of Macy's, Inc., a leading department store chain, and as Chairman and Chief Executive Officer of Macy's Merchandising Group, where she was responsible for designing, sourcing, marketing and merchandising Macy's private branded products and managing key vendor relationships. Since leaving Macy's, Ms. Grove has served as an advisor to the CEO and senior management team of Karstadt Department Stores, one of Germany's largest department store chains. She has also served as a director of Aeropostale, Inc., a specialty retailer of teen apparel, and Safeway, Inc., one of the largest food and drug retailers in the United States, and can help add much needed apparel merchandising experience to the Chico's Board.
THE CHOICE IS CLEAR: VOTE THE BLUE PROXY CARD
NOW TO PROTECT THE VALUE OF YOUR INVESTMENT!
If you have any questions or need assistance in voting the Barington Group's BLUE proxy card, please contact the Barington Group's proxy solicitor, Okapi Partners LLC.
OKAPI PARTNERS LLC
1212 Avenue of the Americas, 24th Floor
New York, NY 10036
(212) 297-0720
Stockholders Call Toll-Free at: (877) 566-1922
E-mail: info@okapipartners.com
About Barington Capital Group, L.P.:
Barington Capital Group, L.P. is a fundamental, value-oriented activist investment firm that was established by James A. Mitarotonda in January 2000. Barington invests in undervalued publicly traded companies that Barington believes can appreciate significantly in value as a result of a change in corporate strategy or improvements in operations, capital allocation or corporate governance. Barington's investment team, advisors and network of industry experts draw upon their extensive strategic, operating and boardroom experience to assist companies in designing and implementing initiatives to improve long-term shareholder value. Barington has substantial experience investing in retail and other consumer-focused companies, with prior investments in Dillard's, The Children's Place, The Jones Group, Warnaco, Nautica, Steve Madden, Payless ShoeSource, Stride Rite, Collective Brands, Maxwell Shoe, Avon Products, Lone Star Steakhouse, Darden Restaurants and Harry Winston, among others.
CONTACTS:
Jared L. Landaw
Chief Operating Officer
Barington Capital Group, L.P.
Email: jlandaw@barington.com
Tel: (212) 974-5713
Okapi Partners LLC
Email: info@okapipartners.com
Tel: (212) 297-0720
(877) 566-1922 (toll-free)
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/barington-group-mails-letter-to-the-stockholders-of-chicos-fas-inc-300291042.html
SOURCE Barington Capital Group, L.P.
Copyright 2016 PR Newswire
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