Friday, September 21, 2007

Barington Nominates Three To Lancaster Colony (LANC) Board

In an amended 13D filing, large Lancaster Colony Corporation (Nasdaq: LANC) shareholder, Barington Capital, disclosed a letter notifying the company of its intention to nominate three persons for election to the Board of Directors of the Company at the Company’s 2007 Annual Meeting of Shareholders, which is scheduled to be held on Monday, November 19, 2007.

Barington said it, "has been disappointed with the performance of the Board and lacks confidence in the ability of the current directors, a majority of whom have been in office for 16 years or more, to improve shareholder value for the Company’s public shareholders."
Barington nominated:
Nick White - President and CEO of management consulting firm White & Associates and former executive at Wal-Mart.
Stuart Oran - Managing Member of merchant banking firm Roxbury Capital Group and former executive at UAL Corporation.
James A. Mitarotonda - President and CEO of Barington Capital.

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