Companies Restructuring in 2020

In last month’s article on current board demand we discussed how companies in 2020 are not only looking to weather the COVID-19 crisis, but to make lasting changes that will benefit them in the long term. Moreover, 2020 has seen an increase in board turnover as a result of the crisis, as concerns about travel and difficulties with technology has pushed older board members towards retirement. These factors have caused many companies to restructure and look for new board members to help them succeed during these unprecedented times. As part of our ongoing effort to monitor the effect of the pandemic on public companies and their boards of directors we have compiled a list of the public companies that are restructuring in 2020:

  • Advantage Rent a Car → NYSE:HTZ
  • Aeroméxico → OTCMKTS: GRPAQ
  • Akorn → AKRX
  • Ann Inc. → NYSE:ANN
  • Ascena Retail Group → OTCMKTS: ASNAQ
  • Avianca → OTCMKTS: AVHOQ
  • Avianca Holdings → OTCMKTS: AVHOQ
  • Bar Louie Restaurants → TYO: 2134
  • Boomers! Parks → BOMH
  • Briggs & Stratton → OTCMKTS: BGGSQ
  • Brooks Brothers → OTCMKTS: ESLOY
  • California Pizza Kitchen → CPKI
  • California Resources Corporation → NYSE: CRC
  • CBL Properties → OTCMKTS: CBLAQ
  • Century 21 (department store) → JSC
  • Chesapeake Energy → OTCMKTS: CHKAQ
  • Chuck E. Cheese → CEC
  • Così (restaurant) → COSI
  • Denbury Resources → NYSE: DEN
  • Diamond Offshore Drilling → OTCMKTS: DOFSQ
  • Dollar Thrifty Automotive Group → DTG
  • Exide → NSE: EXIDEIND
  • Fairway Market → FWM
  • Fingerhut → FHT
  • FoodFirst Global Restaurants → BBRG
  • Friendly’s → FRN
  • Frontier Communications → OTCMKTS: FTRCQ
  • Garrett Motion → OTCMKTS: GTXMQ
  • GNC (store) → GNC
  • Gordmans → GMANQ
  • The Hertz Corporation → HTZ
  • Hornbeck Offshore Services → HOSSQ
  • Hytera → SHE: 002583
  • Intelsat → OTCMKTS: INTEQ
  • C. Penney → OTCMKTS: JCPNQ
  • Crew → JCG
  • A. Bank → JOSB
  • Justice (store) → ASNA
  • Lane Bryant → OTCMKTS: ASNAQ
  • LATAM Airlines Group → OTCMKTS: LTMAQ
  • Libbey Incorporated → LBY
  • The Lorenz Corporation → ONCE
  • LSC Communications → OTCMKTS: LKSDQ
  • Lucky Brand Jeans → LB
  • Lucky’s Market → KR
  • Mallinckrodt → OTCMKTS: MNKKQ
  • McClatchy → MNI
  • McDermott International → ASX: MDR
  • Modell’s Sporting Goods → NYSE:DKS
  • Muji → OTCMKTS: RYKKY
  • Neiman Marcus → NMG
  • New York & Company → OTCMKTS: RTWIQ
  • Noble Corporation → NE
  • NPC International → NASDAQ : NPCI
  • Oasis Petroleum → NASDAQ: OAS
  • Peebles (store) → EPA: SSI
  • Pennsylvania Real Estate Investment Trust → NYSE: PEI
  • Peter Piper Pizza → CEC
  • Pier 1 (retail chain) → PIRRQ
  • Ravn Alaska → NASDAQ: RAVN
  • Ruby Tuesday (restaurant) → NYSE : RT
  • Sizzler → SIZZ
  • Stage Stores → SSI
  • Stein Mart → OTCMKTS: SMRTQ
  • Superior Energy Services → OTCMKTS: SPNX
  • Tailored Brands → OTCMKTS: TLRDQ
  • Town Sports International Holdings → OTCMKTS: CLUBQ
  • True Religion (clothing brand) → TRLG
  • Tuesday Morning → OTCMKTS: TUESQ
  • Valaris plc → OTCMKTS: VALPQ
  • Village Inn → INN
  • Vivus → OTCMKTS: VVUSQ
  • Whiting Petroleum Corporation → NYSE: WLL
  • XFL (2020) → XFL

 

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