NEW YORK, May 5, 2015 /PRNewswire/ -- Shareholders for Change at The Children's Place, a group led by Macellum Advisors GP, LLC and Barington Capital Group, L.P., who collectively beneficially own approximately 2.1% of The Children's Place, Inc. ("The Children's Place" or the "Company") (NASDAQ: PLCE), today announced that it has filed definitive proxy materials with the Securities and Exchange Commission in connection with the election of its two highly qualified director nominees, Seth R. Johnson and Robert L. Mettler, to the Company's Board of Directors (the "Board") at its upcoming 2015 Annual Meeting of Stockholders scheduled to be held on May 22, 2015 (the "Annual Meeting").
Shareholders for Change at The Children's Place also announced today that it has issued an open letter to shareholders outlining its views regarding why immediate change is necessary at The Children's Place, including its serious concerns with the Board's apparent failure to represent the interests of The Children's Place shareholders. In the letter, Shareholders for Change at The Children's Place also details, among other things, its plans for value creation at the Company and why it believes the election of its nominees to the Board is the most effective way to enhance shareholder value and restore investor confidence at The Children's Place.
Shareholders for Change at The Children's Place is urging all shareholders to elect its two highly qualified nominees, Seth R. Johnson and Robert L. Mettler, to the Board at the upcoming Annual Meeting by voting the BLUE proxy card TODAY.
The full text of the letter and all investor materials pertaining to this solicitation are available for viewing at the following link: http://www.changeplce.com.
Contact Details:
Jonathan Duskin
Macellum Capital Management, LLC
(212) 956-3008
George W. Hebard III
Barington Capital Group, L.P.
(212) 974-5733
Richard Grubaugh
D.F. King & Co., Inc.
(212) 269-5550
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholders-for-change-at-the-childrens-place-files-definitive-proxy-materials-to-elect-two-highly-qualified-director-nominees-to-the-childrens-place-board-300077664.html
SOURCE Macellum Advisors GP, LLC; Barington Capital Group, L.P.
