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Glenhill Advisors Backs Off As GAMCO Gets Its Way With Pep Boys-Manny Moe and Jack
2015-06-17 17:42:41| Chemicals - Topix.net
Along with its affiliated funds, Glenn J. Krevlin 's Glenhill Advisors has cut its stake in Pep Boys-Manny Moe and Jack by about 398,000 shares to 3.35 million shares, according to a recent SEC filing. The current holding represents 6.2% of the company's outstanding common stock and comprises about 2.80 million shares with sole voting and dispositive power and 553,100 shares with shared voting and dispositive power.
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Poor Earnings Quality Of Pep Boys Manny Moe Jack
2015-06-16 14:03:22| Auto Parts - Topix.net
Pep Boys Manny Moe and Jack offers automotive repair and maintenance services and sells automotive parts and accessories through its chain of stores. Close to 76 percent of the business is represented by merchandise sales, while the rest comprises of service labor.
Pep Boys names new CEO
2015-06-15 21:17:53| Auto Parts - Topix.net
Mr. Sider also was appointed to the Philadelphia-based automotive aftermarket chain's board of directors. In connection with his appointment, John Sweetwood, who is currently serving as interim CEO, will resume his position as an independent board member, Pep Boys said.
Pep Boys names new chief executive officer
2015-06-15 16:58:53| Auto Parts - Topix.net
The announcement comes more than eight months after Michael Odell stepped down from the job in September, just a few weeks after the Philadelphia-based company reported disappointing second quarter earnings. His most recent position was as the group president of Rent A Car Americas, Hertz's largest division.
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Pep Boys avoids proxy fight with GAMCO
2015-06-12 23:05:59| Auto Parts - Topix.net
Pep Boys Manny, Moe & Jack has avoided a proxy fight with its largest shareholder, GAMCO Asset Management Inc., by agreeing to nominate three directors recommended by GAMCO to be voted on at Pep Boys' annual meeting July 10. Rye, N.Y.-based GAMCO, which owns 18.9 percent of Pep Boys' stock, originally had proposed nominating a slate of four candidates, telling shareholders it was doing so because it had "little confidence that [Pep Boys'] board, as currently composed, is committed to taking the necessary steps to enhance shareholder value." GAMCO said it believes its nominees "will bring significant and relevant experience, new insight and fresh perspectives to the board."
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