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Article Date: July 2021
Word Count: 321

Genesco’s Battle with Legion Partners Goes to the Wire


The proxy war between Genesco and activist investor Legion Partners saw dueling releases to investors July 6 on the heels of research firm Institutional Shareholder Services recommending investors re-elect all nine company board members. The shareholders’ meeting is scheduled for July 20 after being delayed amid the verbal jousting. Genesco’s release quoted the ISS report’s statement that four recent additions to the board “appear to be appropriate” and “immediate removal of the four long-tenured directors standing for re-election does not appear necessary.” The report called the wide backgrounds of Legion’s slate a “cover the waterfront” strategy which “lacks focus, and ... Log in to view full article.

 


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