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CBL Announces Directors

BY CSA STAFF

CBL & Associates Properties, Inc. announced that Katie Reinsmidt has been promoted to director of corporate communications and investor relations. Dan Summerlin will join the company as Director of Corporate relations.

Reinsmidt join CBL in August 2004 as director of investor relations, serving as the primary communication liaison between the company and its shareholders, as well as many other constituencies within the investment and financial communities. In her new role, Reinsmidt’s responsibilities will be expanded to include all corporate and media relations and publicity.

Summerlin will be responsible for execution of the corporate marketing strategy, including development and implementation of corporate collateral materials, advertising campaigns and branding. He will also be responsible for corporate special-event planning.

Prior to joining CBL, Summerlin served four years as director of electronic marketing for Unum and four years as director of marketing communications for SI Corp. in Chattanooga, Tenn.

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Kmart Pharmacy lowers flu shot price

BY CSA STAFF

HOFFMAN ESTATES, Ill. Kmart is lowering the price on flu shots at its pharmacies, the company announced Tuesday.

Customers can now receive a flu shot for just $10 at most Kmart Pharmacies while supplies last. The price in California, Hawaii, Louisiana, Minnesota, Montana, Pennsylvania, Rhode Island, Tennessee, Wisconsin, and Wyoming may be slightly higher due to state regulations.

“People need to remember that flu season is in full swing, and it can strike at any time, so we are lowering prices to encourage more people to do what they can to protect themselves,” said Mark Doerr, RPh, vp of Kmart Pharmacy. “While the flu season has not been as severe as some recent years, the latest CDC updates report that flu activity is on the rise.”

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Crescendo seeks Charming Shoppes representation

BY CSA STAFF

BENSALEM, Pa. Charming Shoppes Tuesday confirmed that it has received notice that Crescendo Partners II L.P., Series Q, intends to nominate three individuals, including two hedge fund representatives, for election to Charming Shoppes’ board of directors at the company’s 2008 annual meeting of shareholders.

In a statement issued Tuesday, Charming Shoppes board of directors and management team said that they have begun discussions with Crescendo partners and will continue doing so as long as they are constructive. The company added that it will not be distracted by the threat of a proxy contest from a dissident shareholder group.

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