Men's Wearhouse Inc. (MW) announced Wednesday morning that its Board of Directors has terminated George Zimmer from his position as Executive Chairman. The Company also announced that it is postponing its Annual Meeting of Shareholders, to re-nominate the existing slate of directors without Mr. Zimmer.
Men's Wearhouse gapped open sharply lower this morning and is now down 1.28 at $36.19. The stock has fallen to a 1-week low.
For comments and feedback: editorial@rttnews.com