The annual shareholder meeting is this Friday (May 17th). Hopefully we will get an update regarding the buyout and possibly the list of 50 stores that will be closing by the end of the year. The new Directors the company agreed to add to the Board of Directors at the request of Arkhouse should have had enough time to review our finances and real estate and determine the viability of the offer. Anyone hearing anything or have any thoughts?
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Seems like it. New CEO already has a deal on the side. Arkhouse wants the real estate. Maybe close the stores that Arkhouse wants. Either way, everyone gets paid except the employees.
The shareholder meeting is to approve C-suite total compensation & board of directors compensation plan
its a done deal.. the company will be gone in 1 year just like Lord and Taylor was once it was sold