Supervalu Inc. has entered into an agreement with Blackwells Capital under which Blackwells will withdraw its director nominees and vote all of its shares in support of Supervalu’s full slate of directors at the company’s annual meeting of stockholders, to be held on Aug. 16. Blackwells also has withdrawn its stockholder proposal, which was to be considered […]
Tag: board nominations
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Supervalu Mails Letter, Proxy Cards To Stockholders
Supervalu Inc. has mailed its previously announced letter to stockholders ahead of the company’s upcoming annual meeting being held on Aug. 16. In the letter, Supervalu reiterates that its board has been “a significant agent of change to improve Supervalu’s performance and deliver enhanced value to our stockholders.” The company highlights the board’s grocery industry experience […]
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Supervalu Releases Investor Presentation Ahead Of Annual Meeting
Supervalu Inc. has released an investor presentation in connection with the company’s upcoming annual meeting of stockholders, to be held on Aug. 16. The presentation highlights Supervalu’s transformation plan, its efforts to position the company for success in an evolving market, and its management team’s qualifications. Supervalu’s transformation plan ‘well under way and delivering results’ For […]
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Blackwells Capital Nominates Six For Supervalu Board Of Directors
Blackwells Capital LLC, an alternative investment management firm with ownership representing an approximately 4.9 percent interest in Supervalu Inc., has nominated six independent candidates for election to Supervalu’s board of directors at the upcoming 2018 Annual Meeting of Shareholders. On March 20, Blackwells submitted a broad slate of independent nominees “given the significant destruction of […]