Ryan Cohen Reaches Agreement to Reconstitute Board of Bed Bath & Beyond and for the Company to Explore Alternatives for buybuy BABY
March 25, 2022
The Wall Street Journal, Bloomberg, CNBC, Fox Business and other media sources reported on the agreement reached between Olshan client Ryan Cohen and Bed Bath & Beyond pursuant to which Bed Bath & Beyond appointed three new directors – Marjorie L. Bowen, Shelly C. Lombard and Ben Rosenzweig – and three incumbent directors agreed to not stand for re-election at the upcoming 2022 Annual Meeting. As part of the agreement, Ms. Bowen and Mr. Rosenzweig joined a four-member Strategy Committee focused on exploring alternatives to unlock greater value from the company’s buybuy BABY banner. Steve Wolosky, Ryan Nebel, Bachar Mahmoud and Joseph Ferrone represent Ryan Cohen in connection with his investment in Bed Bath & Beyond.