RTTNews | Jan 18, 2022 06:22AM EST

06:22 Tuesday, January 18, 2022 (RTTNews.com) - Macellum Advisors GP, LLC, which holds nearly 5% of the outstanding common shares of Kohl's Corporation (KSS), said it intends to nominate a slate of independent candidates for election at the 2022 Annual Meeting of Shareholders unless the Board decides to collaborate with Macellum on a director refresh and promptly implement changes to improve operational execution and optimize the balance sheet.

Macellum noted that the Board of Kohl's appears unwilling to address the drivers of long-term underperformance. If the Board is unwilling to pursue improvements, it should explore strategic alternatives, Macellum said.

Read the original article on RTTNews ( https://www.rttnews.com/3255543/macellum-plans-to-nominate-director-candidates-if-status-quo-persists-at-kohl-s.aspx)

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