UPDATED: James Mitarotonda Pleased With Dillard's, Barington Agreement

by Lance Turner and Mark Friedman  on Wednesday, Apr. 2, 2008 9:45 am  

Above, Dillard's CEO William Dillard II. Dillard's Inc. of Little Rock has reached an agreement with Barington Capital Group over Barington's efforts to elect four nominees to Dillard's board of directors.

Dillard's has yet to file its latest proxy. Members of its board of directors, listed below, include members of the Dillard's family and company executives, as well as Little Rock financier Warren A. Stephens and former U.S. Rep. John Paul Hammerschmidt.

The new nominees are for Class A director seats. Current Class A directors are Robert C. Connor of Dallas; Will D. Davis, a partner at Heath Davis & McCalla Attorneys of Austin, Texas; Peter R. Johnson, chairman of PRJ Holdings Inc. of San Francisco.; and Hammerschmidt.

Dillard's Board of Directors

  • Robert C. Connor of Dallas
  • Will D. Davis, Partner, Heath Davis & McCalla Attorneys, Austin, Texas
  • James I. Freeman, Senior Vice President and Chief Financial Officer of Dillard's
  • John Paul Hammerschmidt, Retired Member of Congress, Harrison
  • Peter R. Johnson, Chairman, PRJ Holdings, Inc., San Francisco
  • Warren A. Stephens, President and Chief Executive Officer of Stephens Inc. and Co-Chairman of SF Holding Corp., Little Rock
  • William H. Sutton, Of Counsel, Friday Eldredge & Clark, Attorneys, Little Rock
  • J.C. Watts Jr., Former Member of Congress & Chairman of the J.C. Watts Companies, Washington D.C.
  • Drue Corbusier, Executive Vice President of the Company
  • Alex Dillard, President of the Company
  • Mike Dillard, Executive Vice President of the Company
  • William Dillard II, Chief Executive Officer of the Company
(Click here (PDF) for a chart on Dillard's board, including photos and recent compensation.)

More On the Barington-Dillard's Relationship

Mitarotonda's Barington Group Wants Four Directors on Dillard' Board

In New Letter, Barington Asks Dillard's for Records, Meeting Minutes

Dillard's Restates Earnings Due to 'Error' in CDI Accounting

Barington Capital's Moves on Dillard's Hint at Coming Proxy Fight

Barington Capital Asks Dillard's for Shareholders List

Barington Fires at Dillard's, Cites 'Chronic Underperformance'

Fortress Dillard's: A Thorn in the Side of Investors, Analysts



Please read our comments policy before commenting.