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    1. Thyssenkrupp: Investor Elliott Demands Appointment of New 'External' CEO

      Thyssenkrupp: Investor Elliott Demands Appointment of New 'External' CEO

      FRANKFURT (Reuters) - Thyssenkrupp should replace Guido Kerkhoff as chief executive with a new external candidate, activist investor Elliott Associates told the company's supervisory board. Kerkhoff was installed as acting chief executive following the resignation of Heinrich Hiesinger earlier this month. Kerkhoff is only an interim solution Elliott said in a letter sent to the company's supervisory board...

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    2. Owens Realty Mortgage Stacks the Board and Deprives Shareholders of Their Vote, According to Hovde Capital

      Owens Realty Mortgage Stacks the Board and Deprives Shareholders of Their Vote, According to Hovde Capital

      Hovde Capital calls for a Stop to the Governance Abuses of ORM through management’s use of stall tactics to prevent shareholders from exercising their right to vote. Hovde Capital Advisors issued the following statement: At the Owens Realty Mortgage, Inc. (NYSEAM: ORM) annual meeting of shareholders held on Monday July 16, 2018, the Company announced two unnamed directors would be appointed to the Company’s board, bypassing shareholders’ most basic right of having the ability to elect their directors. ORM’s board has now added three new directors in the midst of a proxy contest, an unheard-of practice. Further ...

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    3. Kay Ellen Consolver Joins Kumbaya Board of Directors

      Kay Ellen Consolver Joins Kumbaya Board of Directors

      Ms. Consolver brings global experience, and deep industry expertise and connections to help Kumbaya expand internationally to make an immediate impact on the alternative power sector Kumbaya ( www.Kumbaya.co ), the company bringing sustainable power, connectivity and content to off-grid communities globally, today announced the addition of Ms. Kay Ellen Consolver to its Board of Directors...

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    4. iRobot Names Dr. Ruey-Bin Kao to Board of Directors

      iRobot Names Dr. Ruey-Bin Kao to Board of Directors

      PRNewswire / -- iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, today announced the addition of Ruey-Bin Kao , former chief executive officer, Greater China at Telstra Corporation Ltd., to its board of directors. Kao has more than 30 years of expertise in technology, telecommunication, corporate governance, and consumer business...

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    5. MarineMax Elects New Member to Its Board of Directors

      MarineMax Elects New Member to Its Board of Directors

      MarineMax, Inc. (NYSE:HZO), the nation’s largest recreational boat and yacht retailer, today announced that Dr. Rebecca J. White has been elected to its Board of Directors. Rebecca White currently serves as Walter Chair of Entrepreneurship, Professor of Entrepreneurship and Director of the John P. Lowth Entrepreneurship Center at the University of Tampa. She received an MBA and a Ph.D. from Virginia Tech University...

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    6. Lloyds Banking: Faces Shareholder Revolt as CEO's Pay is 95 Times That of Average Worker

      Lloyds Banking: Faces Shareholder Revolt as CEO's Pay is 95 Times That of Average Worker

      Lloyds Banking Group is facing the prospect of a shareholder rebellion after giving its chief executive, António Horta Osório, a pay packet that is nearly 100 times larger than the average worker’s at the bank. The advisory group Institutional Shareholders Services (ISS) has recommended a vote against the bank’s remuneration report at the annual general meeting on 24 May, highlighting discrepancies between “pay and relative performance”...

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    7. Land & Buildings Sends Letter to Brookdale Senior Living’s Board of Directors and Shareholders

      Land & Buildings Sends Letter to Brookdale Senior Living’s Board of Directors and Shareholders

      Today Land & Buildings Investment Management LLC (“Land & Buildings”) issued the following letter to Brookdale Senior Living Inc.’s (NYSE:BKD) (“Brookdale” or the “Company”) Board of Directors (the “Board”) and Shareholders. May 18, 2018 Dear Brookdale Board of Directors and Fellow Brookdale Shareholders: As fellow Brookdale shareholders, we want to congratulate Brookdale and Ms. Lucinda Baier for a great first quarter...

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    8. Barclays Activist Bramson Eyes Trading Shutdown at Under-Fire Investment Bank

      Barclays Activist Bramson Eyes Trading Shutdown at Under-Fire Investment Bank

      LONDON (Reuters) - Activist investor Edward Bramson is pushing to shutter the majority of trading activities undertaken by Barclays' investment banking unit, in a radical plan to cut costs and boost returns at the British lender, three sources told Reuters. Investors briefed by the New York-based financier, who took a surprise 5 percent stake in Barclays in February , said Bramson was planning to axe all parts of its investment banking operation that did not directly serve corporate clients...

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    9. Two More Activist Funds Build Stakes in ADP

      Two More Activist Funds Build Stakes in ADP

      Two activist hedge funds have built small stakes in Automatic Data Processing Inc., according to people familiar with the matter, adding pressure to the payroll-processing firm as it tries to jumpstart growth. The two investors, D.E. Shaw Group and Sachem Head Capital Management, haven't decided whether they would try to push for changes at the company, the people said, but they have met separately with ADP's management and are closely tracking its performance...

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    10. Symantec: Says Investigating Reporting of Certain Accounting Measures

      Symantec: Says Investigating Reporting of Certain Accounting Measures

      (Reuters) - Symantec Corp said on Monday it is investigating company's reporting of certain non-GAAP measures including those that could impact executive compensation programs, stock trading plans, following concerns raised by a former employee. The Norton anti-virus maker said the investigation will also include company's public disclosures including commentary on historical financial results...

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    11. Gullane Capital Partners Announces Support for Activist Position of Destination Maternity

      Gullane Capital Partners Announces Support for Activist Position of Destination Maternity

      Hedge fund owning 3%+ of outstanding shares supports slated new board members Gullane Capital Partners , a Memphis-based hedge fund that holds 3%+ ownership in Destination Maternity Corporation (Nasdaq: DEST), today announced its support of the GOLD proxy card issued by activist shareholders Nathan Miller and Peter O’ Malley calling on stockholders to vote in favor of four director nominees at the Company’s 2018 annual meeting, taking place on May 23, 2018...

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    12. Timeline: Xerox's Complex Relationship with Top Investors

      Timeline: Xerox's Complex Relationship with Top Investors

      (Reuters) - Xerox Corp's board is battling activist shareholder Carl Icahn and investor Darwin Deason over the company's plan to sell itself to Japan's Fujifilm in a deal the two say dramatically undervalues the photocopying firm. Following is a timeline of events when the two investors took a stake in the company and how their relationship slowly developed into one of the most contentious proxy fights currently on record...

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    13. Activist Investment Rising in Asia, Led by Local Players

      Activist Investment Rising in Asia, Led by Local Players

      HONG KONG (Reuters) - Activist investing in Asia is rising steadily, driven more by local players rather than headline-grabbing foreign firms, as the region's regulators pay greater attention to corporate governance, according to research from JP Morgan. Last year, there were 106 activist campaigns in Asia, versus 94 the previous year and just 10 in 2011, the investment bank said, citing data from Activist Investor and Shark Repellent...

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    14. From Disney to Dior, Norway Wealth Fund Challenges CEO Pay

      From Disney to Dior, Norway Wealth Fund Challenges CEO Pay

      OSLO (Reuters) - Executive pay is firmly in the crosshairs of Norway's $1 trillion (727 billion pound) sovereign wealth fund as it puts its votes to work at some of the more than 9,000 companies it is invested in. The world's biggest sovereign wealth fund, built on Norway's oil revenues, has become a more active shareholder in recent years and since 2017 has called for changes including the scrapping of long-term incentive plans and simpler and more transparent packages...

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    15. LiveWorld: Appoints Seasoned Healthcare and Venture Capital Professionals to Board of Directors

      LiveWorld: Appoints Seasoned Healthcare and Venture Capital Professionals to Board of Directors

      Leading social customer experience company to expand its software and consulting service offerings for the healthcare industry LiveWorld, Inc. (OTC Markets: LVWD), the leading social customer experience company announced today the addition of Arthur A. Ushijima, CEO and President of The Queen’s Health Systems (Queen’s), Michael A...

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      Mentions: CEO Wells Fargo IBM
    16. Citi Chairman Says all Options Open to Find his Replacement

      Citi Chairman Says all Options Open to Find his Replacement

      CHICAGO (Reuters) - Citigroup Inc Chairman Mike O'Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72. CHICAGO (Reuters) - Citigroup Inc Chairman Mike O'Neill said on Tuesday all options were being considered to find a successor before he steps down in the next 12 months, after reaching the retirement age of 72...

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    17. Wells Fargo : Directors Win Easily Despite Criticisms

      Wells Fargo : Directors Win Easily Despite Criticisms

      Wells Fargo & Co. re-elected all of its 12 board directors with more than 89% of preliminary votes, in a shift from the bank's chaotic shareholder meeting last year. Wells Fargo, which hosted the meeting in Des Moines, Iowa, near its mortgage-business headquarters, still heard complaints about Chief Executive Timothy Sloan, executive compensation and its relationship with the firearms industry during the 2 1/2 -hour-long meeting...

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    18. McKesson : Board of Directors Releases Findings and Recommendations of Independent Investigation

      McKesson : Board of Directors Releases Findings and Recommendations of Independent Investigation

      April 20, 2018 - The Board of Directors of McKesson today released its response to a request from the International Brotherhood of Teamsters, a McKesson stockholder, that the Board perform an investigation into senior management's and the Board's oversight of McKesson's compliance with its legal and regulatory obligations relating to the distribution of opioids. An independent investigation was performed by a Special Review Committee (SRC) of the Board composed of ...

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    19. Sego Resources Inc. - Jean-Pierre Colin and David Speck Join Board of Directors

      Sego Resources Inc. - Jean-Pierre Colin and David Speck Join Board of Directors

      Vancouver, British Columbia--(Newsfile Corp. - April 16, 2018) - Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is pleased to announce a significant strengthening to its senior team of professionals, namely that Jean-Pierre Colin and David Speck are joining Sego's Board of Directors and George Mannard is joining the Company's Technical Advisory Board. Jean-Pierre Colin Jean-Pierre Colin is a corporate strategy consultant to high-growth, publicly-listed mining companies...

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