Sequential Brands’ Lenders Take Control of Board
SQBG board members Martha Stewart, Al Gossett, Gary Johnson, and Stewart Leonard, Jr. have resigned from the struggling licensing company’s board of directors as required by the extension of its credit agreement with Wilmington Trust and other lenders. The extension and waiver of covenants, which is the sixth since last Nov., now extends to Apr. 19, 2021. The remaining ... Log in to view full article.
