Macellum Issues Final Letter to Kohl’s Shareholders Summarizing its Case for Boardroom Change

Fellow Shareholders,

Over the past two years, Macellum has worked tirelessly to help improve the Board and unlock enhanced value for all of the Company’s stakeholders following more than two decades of stagnation. In 2021, we were able to add two highly qualified director designees, Thomas Kingsbury and Margaret Jenkins, to what became a 13-person Board.…