UPDATED: Mitarotonda's Barington Group Wants Four Directors On Dillard's Board

by John Henry  on Wednesday, Mar. 19, 2008 10:53 am  

The Barington Group said it thinks if Dillard's was more effectively managed it would be worth substantially more than its current stock price.

Barington said the four nominees, if elected, intend to work with the other members of the Dillard's board (who are elected by members of the Dillard family by virtue of their control of the company's Class B common stock) to improve operations, profitability, corporate governance and share price performance.

More On the Barington-Dillard's Relationship

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

 

 

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