June 02, 2017 05:12 PM
Buffalo Wild Wings shareholders selected seven of the company's board of director nominees when it came to the company's board of directors elections at the annual shareholders meeting Friday.
But one of those was also a nominee of activist investor group Marcato Capital Management, a group that had two more of its nominees elected as well.
That came the same day that president and chief executive officer Sally Smith informed the board of directors of her plans to retire before the end of the year. She also withdrew her candidacy for election to the board.
A release from the company said Smith will continue to serve as president and CEO until the end of the year, or until a successor has been named. The board of directors has initiated a search process and will engage a search firm to assist in the process.
Updated: June 02, 2017 05:12 PM
Created: June 02, 2017 03:04 PM
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