Tiffany says JANA agrees to three director nominees for 2019 meeting
As previously disclosed, on December 6, Tiffany & Co.delivered notice, as required pursuant to that certain cooperation agreement, dated as of February 20, 2017, by and between JANA Partners and the Company, to JANA that the company will include each of Roger Farah, James Lillie and Francesco Trapani on the company's slate of director nominees for the 2019 Annual Meeting of Stockholders. On December 7, JANA agreed to the inclusion of these three directors on the slate for the 2019 Annual Meeting and therefore the Standstill Period will be extended, on and subject to the terms set forth in the Agreement, to the date that is thirty days prior to the expiration of the Company's advance notice period for the nomination of directors at the 2020 Annual Meeting of Stockholders. The remainder of the slate will be announced in the ordinary course in the Company's proxy statement for the 2019 Annual Meeting. In the interim, the company's board of directors is working with a leading search firm to identify additional qualified director candidates.