Sentences with phrase «incumbent board and management»

If the incumbent Board and management are not replaced at this Annual Meeting, stockholders may not only lose any hope of determining the fate of MRVC's remaining cash reserves, but also will likely have their share value further eroded.

Not exact matches

Moreover, given that the top five (by percentage ownership per Securities and Exchange Commission public filings) Facet owners appear to represent over 45 % of the outstanding shares, the Alternate Slate believes that the Company's management and Incumbent Board may, with only modest effort, conclude that the majority of Facet investors agree with the cash dividend and sale platform endorsed by the Alternate Slate.

We have tried and failed to reason with the Board and management, and now it is incumbent upon you to voice your view and urge the Board to respond to shareholder demands.

But under current state law shareholders can elect to move their company to another jurisdiction only if the existing board of directors approves such a move — and those incumbent boards will want to stay in the management - friendly states they already inhabit.

While a Poison Pill may help a company in achieving a higher bid, it may also entrench the incumbent management and board.