Fund 1 Investments, LLC Reaches Agreement with Citi Trends, Inc. for Board Representation
Olshan represented Fund 1 Investments, LLC in connection with its cooperation agreement with apparel, accessories and home trends retailer Citi Trends, Inc. (Nasdaq: CTRN), pursuant to which three new independent directors—David Heath, Charles Liu and Michael Kvitko—will be nominated for election to the board of Citi Trends at the company’s 2024 annual meeting of stockholders, and prior to which they will serve as non-voting board observers. Shareholder Activism partner Kenneth Mantel led the Olshan team that represented Fund 1 Investments, LLC, which included Chair Emeritus of the firm’s Shareholder Activism Practice Steve Wolosky, counsel Dorothy Sluszka and associate Nikoleta Holevas.