Macellum Issues Letter to Fellow Shareholders Regarding its Desire to Collaborate with the Kohl's Board of Directors on an Immediate and Targeted Refresh
Macellum Advisors GP, LLC (together with its affiliates, "Macellum" or "we"), a long-term holder of nearly 5% of the outstanding common shares of Kohl's Corporation (NYSE:KSS) ("Kohl's" or the "Company"), today issued the below open letter to its fellow shareholders regarding the need for an immediate and targeted refresh of the Company's Board of Directors (the "Board"), as opposed to waiting for a vote at next year's Annual Meeting of Shareholders (the "2023 Annual Meeting").
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Fellow Shareholders,
Kohl's is having one of the worst years in its long history. Despite a challenging macroeconomic backdrop, Kohl's results are the worst among its Direct Peers across almost every relevant
