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Article Date: January 2024
Word Count: 372

Gildan Shareholders Gird for Proxy Battle

The opposition list to Glenn Chamandy’s ouster as GIL’s chief now totals nine institutional investors holding 35% of outstanding shares, while Browning West took another step in making good on its threat to requisition a special meeting of shareholders with an eye on replacing five board members and reinstating Chamandy. Cardinal Capital Management, which pegs its ownership at nearly 2% of common shares, issued a letter to Gildan board on Dec. 21 stating its concerns “with the credibility of the board’s narrative,” stating the first accusation of breaking succession plans, then ... Log in to view full article.


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