Presuming the vetting process doesn’t turn up any surprises, American Apparel Inc. could see its board membership increase by one through the addition of Robert Mintz.
In a regulatory filing Thursday with the Securities and Exchange Commission, Lion Capital said it had designated Mintz to the American Apparel board on Tuesday. It also said it had the right to do so per warrants it acquired in December that allow it to buy up to 24.5 million shares of American Apparel, or 12.3 percent of the retailer’s common stock. Those warrants gave Lion the right to nominate two individuals to the retailer’s board. Both seats have been vacant since 2011. The addition of Mintz would bring the board composition to eight members, and still give Lion the right to fill the ninth spot.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"