By  on September 25, 2012

The Wet Seal Inc. urged its shareholders to reject activist investor Clinton Group’s efforts to replace four members of its board late Monday.

Clinton had previously urged Wet Seal’s board to sell the company after the apparel firm’s chief executive Susan McGalla was fired in July.

Clinton said Friday in an Securities and Exchange Commission filing that it would like to nominate former chairman and ceo of United Retail Group Raphael Benaroya, former chairman, president and ceo of Charming Shoppes Dorrit Bern, chairman and ceo of Avalon Group Ltd. Lynda Davey, former president and co-ceo of Aeropostale Mindy Meads and former president and chief operating officer of Aeropostale John Mills for seats on the retailer’s board.

 

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