Market Overview

Wet Seal Announces Resignation of 4 Directors, Replaced by 4 Clinton Group Nominees



The Wet Seal, Inc. (NASDAQ: WTSLA) today announced that it has reached an agreement on a
complete settlement of all issues related to Clinton Group's consent

As part of the settlement agreement, Clinton Group, which beneficially
owns approximately 6.9% of Wet Seal common stock, has terminated its
consent solicitation. In addition, Jonathan Duskin, Sidney Horn, Hal
Kahn and Henry Winterstern have resigned from the Board of Directors.

Under the terms of the settlement agreement, Wet Seal has added as new
Directors four of Clinton Group's nominees: Dorrit Bern, Lynda Davey,
Mindy Meads and John Mills. These new Directors join Wet Seal's Board of

See full press release

Posted-In: News Guidance Contracts Management


Related Articles (WTSLA)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→