Charney, ousted from the company on June 18 for alleged misuse of corporate funds and his role in disseminating nude photos of an ex-employee, said he has also called for a special meeting of stockholders on Sept. 25. The former CEO, already the biggest shareholder in American Apparel with a 27.2 percent stake, said the increased stake reflected his holding as of last Friday. American Apparel last Saturday said it has adopted a shareholder rights plan after Charney expressed plans to increase influence over the company.
Published in TZ Latest News 1 July, 2014 by The TZ Newswire Staff
Ousted chairman Charney reports 42.98% stake in American Apparel
Published in TZ Latest News 1 July, 2014 by The TZ Newswire Staff
Ousted chairman Charney reports 42.98% stake in American Apparel
Charney, ousted from the company on June 18 for alleged misuse of corporate funds and his role in disseminating nude photos of an ex-employee, said he has also called for a special meeting of stockholders on Sept. 25. The former CEO, already the biggest shareholder in American Apparel with a 27.2 percent stake, said the increased stake reflected his holding as of last Friday. American Apparel last Saturday said it has adopted a shareholder rights plan after Charney expressed plans to increase influence over the company.