(HAIN) , a pure-play natural and organic food company, is close to reaching an agreement with an activist investment fund that would bring on six new directors and install the insurgent fund's manager, Glenn Welling, onto a newly formed strategic review committee set up to consider strategic options such as a sale, according to a person familiar with the situation. According to a person familiar with the situation, Welling was interested in pushing the company to boost revenue through a new stronger approach to sales and promotion but that he also wanted to see the company consider selling itself to another larger packaged foods company. In addition, Centerview Partners, an investment bank, has been retained to help with the review, he said. A confirmation email has been sent to the address provided during registration. Please click on the appropriate link to confirm your email address.

Hain Celestial reached an agreement with activist investor Engaged Capital for changes in its board, which could pave the way for a potential sale of the organic food and beverage company, The Wall Street Journal reported on Thursday. As per the agreement, Hain will nominate six new directors, while three board members will not seek re-election, the Journal reported, citing people familiar with the matter. Engaged Capital founder Glenn Welling will join the board, according to the report. The maker of Celestial tea and BluePrint juice will also form a group of directors to examine strategic alternatives, WSJ reported. Hain Celestial and Engaged Capital did not respond to requests for comment outside regular business hours.

The Company also announced the appointment of Dr. The full agreement with Engaged Capital will be filed in a Form 8-K with the Securities and Exchange Commission later today, and all of the directors' biographies are available on the Company's website under Investor Relations. We remain excited about the opportunities ahead and look forward to working collaboratively with our new Board members." Glenn W. The Board will benefit from the infusion of skills and experience in consumer packaged goods, grocery and retail, operations, and capital allocation. Hain Celestial is a great business with significant opportunities for growth and margin expansion, and I look forward to working with the management team and the Board to help realize the Company's full potential." Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!

Hain Celestial Inc. reached an agreement with an activist investor that calls for sweeping changes to the food-and-beverage company’s board and opens the door to a possible sale, according to people familiar with the matter. As part of the settlement with Engaged Capital LLC, Hain will nominate six new directors and three board members won’t run for re-election, the people said. The board is to comprise 11 directors, all but one...

IFP Advisors Inc grew its stake in shares of The Hain Celestial Group by 50.6% in the first quarter. Invictus RG bought a new stake in shares of The Hain Celestial Group in the first quarter worth about $174,000. Tudor Investment Corp ET AL bought a new stake in shares of The Hain Celestial Group in the first quarter worth about $201,000. bought a new stake in shares of The Hain Celestial Group in the second quarter worth about $201,000. Finally, BB&T Securities LLC bought a new stake in shares of The Hain Celestial Group in the first quarter worth about $213,000.