Tag Archives: Annual Meeting

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

Posted in Business Strategy, Facebook, Shareholder Meeting | Tagged , , , , , , , | Leave a comment

Corporations Giving Board Seats to Activist Investors, Says WSJ

In fights with dissidents, corporations are giving corporate board seats to the insurgents as long as management appointees get to keep their seats, says the Wall Street Journal($). Why are we writing about it?  Because two of the examples are … Continue reading

Posted in Activist Investor, Business Strategy, Elliott Associates, Hedge Funds, Starboard Value | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Corvex Management, Hedge Funds, Lawsuit, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Corvex Management, Hedge Funds, Lawsuit, M&A, Marcato Capital Management, Shareholder Meeting, Shareholder Rights, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Insider Trades, Lawsuit, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Hedge Funds, Shareholder Meeting, Shareholder Rights, Starboard Value | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in Activist Investor, Hedge Funds, Shareholder Meeting, Starboard Value | Tagged , , , , , , , , , | Leave a comment

CommonWealth REIT to Shareholders: We’ve Considered Your Thoughts On The Matter Of Our Board Of Trustees. Please Note Our Middle Finger.

Shareholders vote against election of trustee, so CommonWealth board members appoint him to fill his own vacancy caused by his own resignation triggered by his own electoral smackdown at the hands of the shareholders. At the annual meeting of the … Continue reading

Posted in Activist Investor, Corvex Management, Hedge Funds, Lawsuit, M&A, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Transocean Has Nothing Good To Say About Icahn Nominees

Transocean explodes with a gusher of crude quotes in a press release responding to ISS’ assessment of Carl Icahn’s nominees. Carl Icahn is looking for some representation on the board of directors of Transocean Ltd. (NYSE: RIG), and ISS agrees … Continue reading

Posted in Activist Investor, Carl Icahn, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , | Leave a comment

Point to Einhorn, Greenlight In First Volley Of Apple Litigation Over Shareholder Meeting

As we previously reported, David Einhorn and Greenlight Capital are unhappy with how Apple bundled some shareholder proposals for its upcoming annual meeting.  Specifically, it would remove some discretion from Apple’s directors before implementing Einhorn’s preferred method of returning cash … Continue reading

Posted in Activist Investor, Apple, David Einhorn, Hedge Funds, Lawsuit, Shareholder Meeting, Shareholder Rights | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment