Powered by

Big Lots Appoints Two New Independent Directors; Reaches Settlement Agreement with Macellum Advisors and Ancora Advisors

Apr 23, 2020 - PR Newswire
Board and Executive Moves-Investments

PR Newswire

Big Lots, Inc. (NYSE: BIG) ("Big Lots" or the "company") today announced that pursuant to an agreement with Macellum Advisors GP, LLC and Ancora Advisors, LLC and certain of their affiliates (the "Investor Group"), who beneficially own in the aggregate approximately 9.8% of the company's outstanding common shares, Andrew C. Clarke and Aaron Goldstein have been appointed to the company's Board of Directors ("Board"), effective immediately. The Board will also nominate Thomas A. ...