Bed Bath & Beyond Inc. Continues Transformation and Announces Appointment of Four New Directors to the Board
May 29, 2019
The Wall Street Journal, CNBC, TheStreet, Reuters, Law360, and other notable media sources reported that Olshan clients Legion Partners, Macellum Advisors and Ancora Advisors have entered into a cooperation and support agreement with Bed Bath & Beyond, in which Bed Bath has added four new independent directors to the Board previously nominated by the investor group. This follows the resignation of eight long-serving directors, including the two executive chairmen and CEO, following the investor group’s active engagement and nomination of a full slate of nominees. The Olshan team that handled the matter included Steve Wolosky, Elizabeth Gonzalez-Sussman, Thomas Fleming, Adrienne Ward, and Steve Gursky.