UPDATE 1-Apparel maker Gildan recommends two Browning West nominees to board [Yahoo! Finance]
Gildan Activewear, Inc. Class A Sub. Vot. (GIL)
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm
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Source: Yahoo! Finance
Canada's Gildan Activewear on Monday recommended the election of two nominees of U.S.-based activist fund Browning West to the company's board, ahead of its annual and special shareholder meeting on May 28. The clothing maker's board has been clashing with Browning West, which owns 5% of Gildan, following the ouster of co-founder and CEO Glenn Chamandy in December. In January, Browning West escalated its fight with Gildan, expanding its slate to eight candidates from five and called an annual and special shareholder meeting to replace a majority of its board members and reinstate Chamandy as CEO. On Monday, the board recommended the election of Browning nominees Karen Stuckey and J.P. Towner. It also appointed five new independent directors to its board effective May 1. "While we are gratified that every single incumbent director responsible for the board's many failures is stepping aside, we are disappointed that it is due in part to the board's relentless focus on protectin
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News
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- Gildan Activewear CEO defends performance amid Q1 sales, profit slide [Yahoo! Finance]Yahoo! Finance
- Gildan Activewear Inc. (NYSE: GIL) had its price target raised by analysts at Canaccord Genuity Group Inc. from $42.00 to $43.00. They now have a "buy" rating on the stock.MarketBeat
- Gildan fight with Browning West nets bankers and lawyers millions [Financial Post (Toronto, Ontario, Canada)]Financial Post
GIL
Earnings
- 5/1/24 - Beat
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Sec Filings
- 5/1/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/29/24 - Form 6-K
- GIL's page on the SEC website