When a proxy contest
is looming, the rate at which CEOs sell their shares slows down by 80 percent, while the rate at which they hold shares accelerates by 60 percent-by keeping the shares, they also keep their votes.
Commenter's request fails to demonstrate why its written comments do not adequately present its evidence, allegations and views, and, assuming the facts are as Commenter asserts, no material issue is raised by the comments concerning First Mariner's participation in the recent proxy contest
for the reasons stated above.
Duvall and Austin (1965) suggest that poor firm performance can be a motivating factor in the decision to undertake a proxy contest
The pioneering work of Duvall and Austin (1965), who studied 40 firms which had a proxy contest
between 1956-1960, concluded that proxy "contests usually are begun in firms which have relatively low rates of return.
Second, the clear vote of no confidence might incite external forces to attempt a takeover or proxy contest
We do not believe that the Platinum Group has disclosed its true agenda in pursuing its costly and distracting proxy contest
seeking to have a second representative of the Platinum Group, Shepard M.
ii) Positive and significant abnormal returns are observed at the time of the proxy contest
for firms that are not targets of a takeover during or following the proxy contest
5, 2013 /PRNewswire/ -- Olshan Frome Wolosky LLP has announced that the firm's Activist Practice enjoyed its busiest and most successful proxy season on record in 2013, spearheading approximately 35 percent of all successful proxy contests
and negotiated settlements for board representation nationwide, according to data compiled by corporate governance researcher FactSet SharkRepellent.
It is our belief the Committee may be committing fraud in their attempt to use those documents in support of their proxy contest
Since the Board has left us with no choice but to take our case directly to our fellow shareholders, Third Point intends to move forward with a proxy contest
Any such proposal should be allowed to proceed on an appropriate timetable allowing for careful review and consideration by the SEC of a number of issues, including whether proxy access should be available to an entity, like Pershing Square, which has initiated its own proxy contest
6 million that ModusLink is wasting on this proxy contest
is more than its aggregate net income for the past five years.