American Apparel Inc.’s board is undergoing yet another shuffle.
The Los Angeles-based firm said in a Securities and Exchange Commission filing Wednesday that Robert Mintz resigned from the board earlier this month. The company gave no reason for his departure.
A source close to the company said Mintz parted ways over disagreements with New York investment firm Standard General, which controls a majority of the board seats.
Mintz was appointed to the board last year by Lion Capital, which controls one board seat as a result of warrants it purchased in exchange for a 12.3 percent stake in the company.
Lion Capital plans to fill the seat with another one of its directors, Jeff Chang, American Apparel said in its SEC filing.
The retailer, which is attempting a turnaround under newly appointed ceo Paula Schneider, has already had a rocky start to the year.
The company dismissed creative director Iris Alonzo in February. Earlier this month an immigrants rights group said it formed a coalition with American Apparel workers with the goal of saving the company’s manufacturing jobs.
The company’s stock is down about 23 percent since the start of the year to a market value of $138.08 million.