We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Home Depot Settles Proxy Fight With Relational

Law360 (February 6, 2007, 12:00 AM EST) -- Home Depot said Monday that it has reached an agreement with one of its lead shareholders, thus ending a proxy battle that erupted after the company’s former CEO Robert Nardelli collected a $210 million severance package.

As part of the agreement, David H. Batchelder, a principal of Relational Investors LLC, will join Home Depot’s 11-member board of directors on Feb. 22. In return, Relational acquiesced to drop its proxy contest against the home improvement retailer.

“We have been actively listening to our shareholders and look forward...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.