The drama at American Apparel continues as a shareholder has emerged to nominate two directors for election at the company’s annual meeting.
The company said in a filing with the Securities and Exchange Commission that Jeffrey Kolb is nominating Adrian Kowalewski, a former American Apparel chief financial officer and director, along with Gene Montesano, who earlier had been up for consideration on the board. Kolb, the company said in its SEC filing, is a former American Apparel employee and consultant whose tenure at the retailer was under former chief executive officer and founder Dov Charney.
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The SEC filing adds that Kolb said he owns 986 shares and is also pushing for a resolution that would remove any company bylaws added after Dec. 22, 2014.
Charney was officially fired from American Apparel in December in a move that has since led to a very public battle between the company and Charney and his followers, who are pushing to have him reinstated at the Los Angeles-based firm. There have been rallies outside of American Apparel headquarters along with about a dozen complaints filed against the company to the National Labor Relations Board, with six of those recently dismissed. There have also been lawsuits filed by former employees and even Charney himself against the company or hedge fund Standard General, which Charney had at one time worked with in hopes of getting back into the company. American Apparel last week filed its own lawsuit against Charney that alleges violation of his standstill agreement.
American Apparel shares were trading down about 3 percent in midday trading Tuesday to a market value of $102.6 million.
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