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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:56 EDTPTRYThe Pantry urges shareholders to vote for director nominees
The Pantry, Inc. announced that it has commenced the mailing of its definitive proxy materials in connection with the company's 2014 Annual Meeting of Stockholders, to be held on March 13. The Pantry stockholders of record as of January 16 are eligible to vote at the 2014 Annual Meeting. The Pantry Board of Directors recommends stockholders vote "FOR" the company’s nine highly qualified and experienced director nominees. The company says "Your Board of Directors and management team are focused on creating value for all stockholders of The Pantry through the continued implementation of our strategy, which balances prudent cost management with targeted initiatives to strengthen The Pantry’s presence in high-value, high-demand markets. Since 2012, when your Board installed the company’s leadership team led by President and CEO Dennis Hatchell, The Pantry has successfully executed plans to improve performance and unlock the potential of our powerful convenience store platform. We have made significant progress and we are confident that The Pantry is well positioned for continued growth and success. A dissident stockholder group, led by JCP Investment Management, LLC, is seeking to replace certain members of your Board with a few handpicked nominees. Consistent with its fiduciary duty, your Board is always open to considering qualified director candidates. In fact, as was clearly communicated to the dissident stockholders, your Board is currently seeking an additional director with significant senior management experience in the fuels area to assist the Board in its oversight of this important area. After evaluating the individuals that the dissident group has put forth, your Board concluded that none of the dissident group’s nominees possess the particular experience and expertise required to serve on The Pantry’s Board at this time or to further the interests of all stockholders. "
News For PTRY From The Last 14 Days
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August 22, 2014
09:34 EDTPTRYThe Pantry downgraded to Neutral from Buy at Sidoti

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