Big Lots, Inc.

In Brief

In a negotiated settlement Big Lots, Inc. appointed 3 independent directors to the Board and agreed to sell owned real estate for $725mm or roughly an amount equal to the market capitalization at the time. The company then used a meaningful amount of the proceeds to repurchase its stock. Lastly, the company formed a capital allocation committee where our candidates represented half of the members.

Activist Materials

Activist Press