date:Jul 30, 2014
expects to nominate nine directors for the 12 available seats at the Sept. 30 shareholder meeting. Doing so, would ensure that at least three of the nominees proposed by Starboard would be elected, the company said.
While a leadership change at Darden and the appointment of an independent chairman are positive steps that are long overdue, we view the board's 11th hour gesture to concede three board seats to Starboard as 'too little, too late', Barington CEO James Mitarotonda said in a statement