Wattles seeks ouster of Circuit City’s board
FROM TWICE: Wants to replace all 12 sitting directors
By Alan Wolf of TWICE -- Video Business, 2/29/2008
FEB. 29 | FROM TWICE: Dissident investor and Ultimate Electronics owner Mark Wattles wants to unseat all 12 of Circuit City’s sitting directors and replace them with the five board candidates he nominated earlier this week.The proposal was submitted to Circuit City via letter, along with a second proposal to repeal any bylaw amendments or new bylaws that Circuit’s board may adopt without first seeking shareholder approval.
The proposals and nominees will be considered at Circuit City’s annual shareholder meeting on June 24.
Read the full story on TWICE.com.
