Citi Trends, Inc.
In Brief
The campaigns resulted in 5 of 7 new directors and a complete overhaul of the management team including a new Executive chairman, Chief Executive Officer, Chief Financial Officer, and Chief Merchandising Officer. The company is projecting to earn over 600% more in earnings in 2021 than when the campaign was launched.
Activist Materials
- Apr 11, 2019: Citi Trends Reaches Agreement with Macellum
- Apr 01, 2019: Macellum Issues Letter to Stockholders of Citi Trends
- Mar 18, 2019: Citi Trends Issues Statement Regarding Macellum Director Nominations
- Apr 28, 2017: Citi Trends Presentation – The Case for Change
- May 17, 2017: Macellum Announces That Glass Lewis & Egan-Jones Recommend Citi Trends Stockholders Vote FOR Macellum Nominees, Jonathan Duskin and Paul Metcalf, on Macellum’s WHITE Proxy Card
- Mar 09, 2017: Citi Trends Fight Letter