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Our attorneys have wide-ranging experience over many years in the corporate governance arena. As a result of this expertise, our lawyers have been helping clients cope with the array of legislative and regulatory responses coming out of the U.S. Congress, the U.S. Securities and Exchange Commission and major U.S. stock exchanges.
Destination XL Announces Agreement With Cannell Capital
- Client News
- June 11, 2018
Paul, Weiss is representing Destination XL Group, Inc. in connection with its agreement with Cannell Capital LLC to appoint Lionel Conacher to Destination XL’s board of directors and to increase the board’s size to ten. At the 2018 annual meeting, the board will nominate and recommend Mr. Conacher for election as a director and revert board size back to nine.
Cannell agreed to withdraw its nominations with respect to the 2018 annual meeting and to vote in favor of certain of the company’s proposals, including the company’s slate of director nominees. Cannell also agreed to be bound by certain standstill provisions. The terms of the agreement, announced on June 12, expire January 29, 2019.