Legion Partners, who owns around 6 percent of Chefs’ Warehouse outstanding common stock, also agreed to vote in support of any director nominated and recommended by the board of directors at the company in 2018 and 2019 annual meetings of stockholders.
Along with the agreement, Christina Carroll and David Schreibman will be added to The Chefs’ Warehouse board of directors by Feb. 18.
Chefs’ Warehouse is a distributor of specialty food products in the United States and Canada. The company also owns meat processors Allen Brothers, De Monte Meat, Michael’s Finer Meats and Fells Point Wholesale Meats which the company acquired in August 2017.
“We are pleased to welcome Christina and David to the Chefs’ family,” said Christopher Pappas, chairman and CEO of The Chefs’ Warehouse. “I am excited for us all to work together to maximize our future prospects and increase shareholder value.”
Carroll works at Stout Risius Ross LLC as managing director of valuation advisory and financial opinions. Schreibman is a consultant at Walgreens Boots Alliance and is the Rite Aid acquisition integration management officer leader.