Gildan's board abruptly resigns ahead of annual meeting, handing control to activist [CNBC]
United Rentals, Inc. (URI)
Last united rentals, inc. earnings: 4/29 04:15 pm
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Source: CNBC
ending a contentious proxy battle and restoring former CEO Glenn Chamandy to the company he founded. Browning West along with a significant number of Gildan shareholders had been fighting to bring back Chamandy as CEO, after he was ousted in December in favor of Vince Tyra, who was brought in from Houchens Industries. The activist firm later claimed Gildan's board was showing a “complete disregard for sound corporate governance.” It's the second mass resignation in the boardroom after five directors stepped down earlier this year as part of a “board refreshment.” “We are deeply grateful for the outpouring of support that Browning West's slate and plan have received from our fellow shareholders, Gildan employees, and leading proxy advisory firms,” Browning West's Usman Nabi and Peter Lee said in a statement. Headquartered in Toronto, Gildan is a supplier for major U.S. retailers and corporations, including Amazon and Target . Under Chamandy's leadership, the company has been tr
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URI
Earnings
- 4/24/24 - Beat
URI
Sec Filings
- 5/30/24 - Form SD
- 5/24/24 - Form 8-K
- 5/20/24 - Form 144
- URI's page on the SEC website