Tyra and the board” as part of its campaign to take control of Gildan’s board of directors and remove Mr. [...] Tyra’s seemingly inappropriate relationship with a subordinate” would create “undue conflicts and risk for Gildan shareholders and employees.” Gildan alleged in its letter to the regulator that Browning West has violated a section of the securities act that bans individuals from making untrue or misleading statements in connection with the purchase or sale of a security. [...] Tyra and the female executive – Patti Lambert Simetz, who is Gildan’s vice- president, distributor sales – told The Globe and Mail that the Post story was a mischaracterization of the relationship. [...] “Digging into the past of targeted individuals is a tactic frequently used by shareholder activists, whose objective is to keep the debate present in the media and in the public eye, and in this case to discredit the current CEO and those who named him,” he said. [...] The fight will come to a head in May when shareholders will be asked to vote on the future of the company.
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