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Charming Shoppes comments on Glass Lewis report
25 Apr '08
2 min read
On the other hand, Charming Shoppes' directors are highly skilled in public company leadership, retail, marketing, operating, finance, accounting, governance and overall executive management -- all areas that are critical to the continued success of this Company.
"Importantly, Charming Shoppes' directors and management team know how to manage successfully through challenging retail and economic environments.
As Glass Lewis noted in its report, Charming Shoppes 'has recently taken actions that we believe will be beneficial for the Company and its shareholders, including substantial restructuring efforts and tying a significant portion of the CEO's compensation to performance. Permission to use quotation was neither sought nor obtained.
Charming Shoppes recommends that all shareholders support its Board of Directors and reject all of the dissident group's nominees.
It is important to remember that only the latest dated validly executed and timely received proxy counts in a contested election such as this. Vote by telephone or internet to be sure your proxy is received in time to be counted.
"Importantly, Charming Shoppes' directors and management team know how to manage successfully through challenging retail and economic environments.
As Glass Lewis noted in its report, Charming Shoppes 'has recently taken actions that we believe will be beneficial for the Company and its shareholders, including substantial restructuring efforts and tying a significant portion of the CEO's compensation to performance. Permission to use quotation was neither sought nor obtained.
Charming Shoppes recommends that all shareholders support its Board of Directors and reject all of the dissident group's nominees.
It is important to remember that only the latest dated validly executed and timely received proxy counts in a contested election such as this. Vote by telephone or internet to be sure your proxy is received in time to be counted.
Charming Shoppes Inc
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