GAMCO Investors Sends Nomination Notice to Ingles Markets
November 14, 2017 at 10:21 pm
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On November 14, 2017, GAMCO Investors LP sent notice to the Ingles Markets, Incorporated of its intent to nominate Justyn R. Putnam and John R. Lowden as candidates for election by Class A Stockholders to the Board of Directors of the Company at the Company's 2018 annual meeting of stockholders.
Ingles Markets, Incorporated is a supermarket chain in the southeast United States. It operates a total of 198 supermarkets, including 75 in North Carolina, 65 in Georgia, 35 in South Carolina, 21 in Tennessee, one in Virginia and one in Alabama. It operates 189 supermarkets under the name Ingles, and nine supermarkets under the name Sav-Mor. Ingles supermarkets offer customers a variety of nationally advertised food products, including grocery, meat and dairy products, produce, frozen foods and other perishables, and non-food products. Its non-food products include fuel centers, pharmacies, health and beauty care products and general merchandise. It also offers private label items and locally sourced items throughout its market areas. In addition, it focuses on selling products to its customers through the development of certified organic products, bakery departments and prepared foods, including delicatessen sections. It also operates 114 in-store pharmacies and 108 fuel stations.