Category Archives: Shareholder Meeting

Groupon Director Not Seeking Re-election

Groupon to reduce size of board as one director does not stand for re-election. Groupon filed its proxy statement with the SEC.  The proxy statement included the news that Mellody Hobson has not been re-nominated and her term as director … Continue reading

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Price of Going Public – Facebook Deals With Shareholder Proposals In Proxy Statement For Annual Meeting

Shareholder proposals in the Facebook proxy statement demonstrate some of the disadvantages of being a prominent public company. Facebook has filed its proxy statement for its upcoming annual meeting on May 22, 2014.  I’m sure they look back fondly on … Continue reading

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After Dell Pushes Back Record Date for Buyout, Hedge Funds Respond By Buying Dell Shares

Shorter term investors looking for a quick exit now eligible to vote on the Michael Dell/Silver Lake buyout. The much-discussed Dell buyout previous had a record date of June 3, meaning you had to be a stockholder on that day … Continue reading

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Quality Systems Does Not Have Quality Leadership, Says Clinton Group As It Contests Director Election At Upcoming Meeting

Activist Investor Clinton Group files proxy statement for the election of its seven nominees to the Quality Systems Board of Directors. Quality Systems, Inc. is an IT company in the healthcare industry. According to activist investor Clinton Group, Quality Systems … Continue reading

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Corvex Management and Related Fund Management Declare Victory In Attempt To Oust The CommonWealth Directors.

We’ve covered the CommonWealth REIT saga with Corvex Management LP and Related Fund Management LLC, who are trying to oust the CommonWealth directors. The funds, who together own about 9.6% of CommonWealth, announced that they delivered consents from holders of … Continue reading

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CommonWealth REIT: Marcato Joins Fight With Corvex and Related Fund Over Consent Solicitation At CommonWealth.

Getting the band back together. Last we saw Marcato Capital Management, they had teamed up with Corvex Management to reign down some REIT reorg on Corrections Corporation of America (CXW). Last we saw Corvex Management, they had teamed up with … Continue reading

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Relational Investors Gets Results: Timken Hires Goldman Sachs To Review Whether Timken Should Break Off Business Units

Breaking up is hard to do, but Timken will take a look anyway. We have followed the saga of Relational Investors’ and CalSTRS’ attempt to get Timken Co. to separate its steel and ball bearing businesses. There are now reports … Continue reading

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Let’s Get it Started! sTec Files Proxy Statement For Its Upcoming Contested Election, Nominating Director In Litigation With SEC Over Insider Trading Allegations.

sTec believes a small thing like an SEC insider trading action against its founder/incumbent director/former CEO who resigned under a cloud of an SEC investigation and litigation shouldn’t cause shareholder’s to deviate from its path. sTec filed its proxy statement for … Continue reading

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But Starboard Still Gets Results, Tessera Technologies Edition

Starboard Value wins where it counts. We just completed a post on the seemingly ridiculous spin on the ISS and Glass Lewis reports for the DSP Group proxy fight. Starboard Value LP, a contender in the DSP Group matter, is … Continue reading

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ISS and Glass Lewis Endorse Management And Dissidents, According To DSP Group And Starboard

Everyone’s a Winner! Starboard Value LP is waging a proxy battle with DSP Group, Inc.  Proving their value to the investment community, ISS and Glass Lewis weighed in allowing both parties to claim victory.  Using the battling parties’ releases, let’s … Continue reading

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