John R. Saunders calls for board resignations and improved management at Pennsylvania Real Estate Investment Trust (PRET)

Key Summary: On July 11, 2023, John R. Saunders (10%) criticized the Board of Trustees for not accepting resignations after a shareholder vote, calling for their replacement due to poor management, high compensation, and rising debt. On February 18, 2022, Cygnus Capital nominated Ryan J. Levenson and Christopher Swann as Preferred Stock Trustees. By Mar…