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BRIEF-Barington Capital Group says proxy contest to elect two directors to Chico's Fas board
May 24, 2016 / 11:26 AM / a year ago

BRIEF-Barington Capital Group says proxy contest to elect two directors to Chico's Fas board

May 24 (Reuters) - Barington Capital Group -

* An affiliate has formally notified Chico’s Fas, Inc. of its intention to seek election of directors to board

* Beneficially owns approximately 1.4% of its outstanding common stock of Chico’s Fas

* Has been communicating privately with Chico’s Fas Inc since March 2016

* Believes more significant reductions in Chico’s Fas’ marketing expenses needed, can be accomplished while still growing sales

* Barington Capital Group announces proxy contest to elect two directors to the board of Chico’s Fas, inc. Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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