GAMCO Gains Three Board Representatives at Pep Boys
The Wall Street Journal and other media sources reported on the successful settlement of GAMCO Asset Management’s activist campaign at The Pep Boys — Manny, Moe & Jack. GAMCO had announced plans to seek the addition of shareholder representation on the board of directors of the Philadelphia-based auto-supplies and service retailer. In a bid to avoid a proxy fight, GAMCO and Pep Boys agreed that Pep Boys will add GAMCO’s three nominee candidates to Pep Boys’ slate of nominees for election at the company’s annual meeting on Friday, July 10, 2015. Steve Wolosky and Patrick Gadson represented GAMCO in connection with its investment in Pep Boys.