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Here We Go Again: Mack-Cali, Bow Street Spar Over Board Nominations

Katz and Shainker also denied Mack-Cali’s earlier statement that Bow Street was seeking a “fire sale” of the company after it called for the removal of Mack-Cali CEO Michael DeMarco in a letter to shareholders last month.

Michael DeMarco, CEO of Mack-Cali Realty Corp. Michael DeMarco, CEO of Mack-Cali Realty Corp.

JERSEY CITY, NJ—Dissident shareholder group and New York City-based investment firm Bow Street LLC called out the Mack-Cali Realty Corp. Board of Directors on Tuesday for its refusal to re-nominate independent directors Bow Street supported and helped elect at the company’s 2019 Annual Meeting.

Bow Street, which owns approximately 4.5% of the outstanding shares of common stock of Mack-Cali Realty, is supporting Alan Batkin, Frederic Cumenal, MaryAnne Gilmartin and Nori Gerardo Lietz for re-election to the Mack-Cali Board.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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