Gildan welcomes chris shackelton to its board of directors, along with support from coliseum capital management

Montreal, dec. 17, 2023 (globe newswire) -- gildan activewear inc. (gil: tsx and nyse) (“gildan” or “the company”) today announced a support agreement with coliseum capital management, llc (“coliseum”), pursuant to which coliseum will support gildan's full slate of board nominees at each of the 2024 and 2025 annual meetings of shareholders. in connection with the agreement, and after meeting with members of gildan's board of directors, coliseum currently intends to make an additional investment in gildan through market purchases during insider open window periods. additionally, chris shackelton, a co-founder and managing partner of coliseum has been invited to join gildan's board of directors and has been appointed effective today.
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