On March 25, 2022, Bed Bath & Beyond Inc. announced that it has entered into a cooperation agreement with Ryan Cohen and RC Ventures LLC (together, RC Ventures). As part of the agreement, 3 of RC Ventures' director designees; Marjorie L. Bowen, Shelly C. Lombard, and Ben Rosenzweig will immediately join the Company Board of Directors as new Independent Directors, and they will also stand for election as part of the Company's slate at the 2022 Annual Meeting of Shareholders. In addition, the Company stated that the 3 new directors collectively bring deep expertise in capital allocation, corporate governance, strategic planning, and transactions.