Wet Seal Urges Shareholders to Reject Clinton Group's Efforts to Replace Board Members

Wet Seal

reiterated today that it continues to urge its shareholders to reject efforts by Clinton Group to replace the company's current experienced Directors with Clinton Group's hand-picked nominees who lack relevant experience. “We believe that maintaining a degree of stability and continuity on our Board is critical as we approach the holiday season,” said Hal Kahn, Chairman of the Board of Wet Seal. “It is not in the best interests of the company and our shareholders to have an almost complete turnover of the Board on the eve of the fourth quarter. It would be extremely disruptive to our employees, customers and suppliers at a time when we