Overview

• The board voted unanimously late Tuesday to remove Demoulas after mediation on Sept. 3 and a Sept. 9 videoconference failed to produce a settlement.
• Directors filed in the Delaware Court of Chancery seeking a declaration that the termination is valid.
• In court papers, the board portrays Demoulas as autocratic and alleges he planned a retaliatory work stoppage; the filing notes he owns about 28% while his three sisters control roughly 60–61%.
• Demoulas contests the ouster and, through a spokesperson, says he wants to return to work alongside the company’s 32,000 associates.
• The board pledges no changes to operations, profit-sharing, bonuses or culture, as customers express concern but broad protests seen in 2014 have not materialized.