Glass Lewis urges Bed Bath & Beyond holders to vote ‘FOR’ all company proposals

Bed Bath & Beyond announced that Glass Lewis & Co. recommends that Bed Bath & Beyond shareholders vote "FOR" all proposals detailed in the company’s recently filed definitive proxy statement. Namely, the company is seeking approval for a reverse stock split at its upcoming Special Meeting of Shareholders to be held on May 9, 2023 at 10:00 am EDT. Earlier this week, Institutional Shareholder Services also announced its support for the company’s proposals. In its report dated April 11, 2023, Glass Lewis noted: Agreement with the company’s Board of Directors’ that the reverse stock split could benefit the company and stock. The benefits of the reverse stock split outweigh potential drawbacks.