In the latest round of letter writing, Adrenalina the Florida-based, three-store action sports retailer is demanding the resignation of PacSun CEO Sally Kasaks and nominating four people to the PacSun board of directors, according to a story on Reuters.
In a letter to CEO Sally Kasaks, Adrenalina, which owns about 3 percent of PacSun shares, said it has the support of the largest shareholders in demanding her resignation. . . . Adrenalina’s claim of shareholder support could not immediately be verified. . . . “We hereby demand your immediate resignation from Pacific Sunwear, which is imperative for the company’s survival,” Adrenalina said in a letter to Sally Kasaks date Feb. 12.
Makes us wonder if we should buy up a few shares of our favorite publicly traded action sports company and start making demands . . . hmmm?
[Link: Reuters]
