Home / Knowledge / News / Apparel/Garments / Egan-Jones recommends CHRS' shareholders vote for re-election of BoD
Egan-Jones recommends CHRS' shareholders vote for re-election of BoD
02
May '08
Charming Shoppes Inc announced that Egan-Jones Proxy Services has recommended that Charming Shoppes' shareholders vote FOR Charming Shoppes' experienced and highly qualified directors and reject Crescendo's and Myca's nominees at the Company's 2008 Annual Meeting of Shareholders on Thursday, May 8, 2008.

Egan-Jones is a leading independent proxy voting and corporate governance advisory firm. The recommendations of Egan-Jones are relied upon by hundreds of major institutional investment firms, mutual funds, and other fiduciaries throughout the country. To follow Egan-Jones' recommendation, Charming Shoppes' shareholders should vote FOR the re-election of the Company's directors on the Company's GOLD proxy card.

Commenting on announcement, Katherine M. Hudson, Lead Independent Director, said, "We are pleased that Egan-Jones supports the re-election of Charming Shoppes' directors. The Egan-Jones recommendation reaffirms our belief that we have the right Board in place to lead the Company in the current environment and enhance shareholder value in the future.

We strongly urge shareholders to re-elect our experienced and highly qualified directors - Dorrit J. Bern, our Chairman, President and Chief Executive Officer, Alan Rosskamm and M. Jeannine Strandjord - on the GOLD proxy card today."

In its May 1, 2008 report, Egan-Jones stated:
"We believe that support for the slate of directors presented by the management is in the best interest of the Company and its shareholders. The current Board and management team have a record of navigating through difficult economic environments.

During the economic downturn in 2002 and 2003, the Board and management team implemented a series of initiatives to control inventory, reduce overhead costs, refocus the growth of core brands through merchandising and store execution, and further developed Lane Bryant - Charming Shoppes' primary growth vehicle today, which had been acquired in 2001."

Charming Shoppes Inc

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search