Gildan's Entire Board Resigns, Handing Victory to Activist Browning West [Yahoo! Finance]
United Rentals, Inc. (URI)
Last united rentals, inc. earnings: 4/29 04:15 pm
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unitedrentals.com/our-company/investor-relations/investor-presentations
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Source: Yahoo! Finance
five-month battle with an activist shareholder over the future of the Canadian clothing maker. Most Read from Bloomberg Singapore Air Changes Seatbelt Rules After Fatal Turbulence SpaceX Weighs Plan to Sell Shares at $200 Billion Valuation Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes Harvard Students Walk Out of Commencement Protesting Suspensions China's $538 Billion Deposit Exodus Supercharges Rally in Bonds The mass resignation is a victory for Los Angeles-based investment firm Browning West LP, owner of about 5% of Gildan's shares. It gains control of the board, installing United Rentals Inc. Chair Michael Kneeland as chair and reinstating Glenn Chamandy as CEO. Gildan's board took the decision after shareholders “made their views clear” in advance of an investor meeting scheduled for May 28. Browning West said preliminary results suggested an “overwhelming majority” of shares would be voted in favor of its eight proposed directors at that meeting.
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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