Barington Urges Chico's FAS Stockholders To Elect Its Director Nominees

(RTTNews) - Barington Group, which collectively beneficially owns more than 1.5% of the outstanding shares of common stock of Chico's FAS Inc. (CHS), announced that it has sent a letter to the Company's stockholders in connection with its solicitation of proxies to elect its two nominees to the Chico's Board.

In the letter, the Barington Group outlines the key reasons why stockholders should elect its nominees James Mitarotonda and Janet Grove to the Chico's Board at the 2016 Annual Meeting which is scheduled to be held on July 21, 2016.

The Barington Group questioned the judgment of the Board's incumbent directors to put the Company in a position where its strategic plans and confidential information could fall into the hands of its competitors.