Overview

• The board voted unanimously late Tuesday to oust Demoulas after confidential sessions on Sept. 3 and Sept. 9 before former Vice Chancellor Joseph Slights III failed to resolve differences.
• The board filed a complaint in the Delaware Court of Chancery seeking a declaration that the termination is valid, describing Demoulas as a "dictator" and alleging he planned a retaliatory work stoppage.
• Demoulas was placed on paid leave in May during an investigation, and two executives viewed as his allies, Joseph Schmidt and Tom Gordon, were fired in July and later barred from stores by court order.
• The Delaware filing notes Demoulas holds a minority stake while his three sisters control a majority of shares, a dynamic that has shaped recent board actions.
• The board told employees and customers that store operations, profit-sharing, bonuses, and company culture will continue unchanged.