As his proxy fight with Lionsgate comes to a climax, Carl Icahn has unveiled five rebel board nominees for Lionsgate Entertainment¹s upcoming shareholders meeting, led by former Overture Films CEO Chris McGurk.
In response, Lionsgate late Friday said it had received notice from Icahn that he intended to nominate five dissident board members, but added the move "has not articulated a vision for Lionsgate regarding how he (Icahn) would improve" on recent financial results.
The proposed directors from the billionaire investor include Canadian TV producer Jay Firestone, former Bertelsmann Entertainment executive Michael Dornemann, Princeton economics professor Harold Shapiro and Daniel Ninivaggi, president of Ichan Enterprises.
The five dissident director nominees will be nominated for voting by shareholders at Lionsgate¹s upcoming Agm in Los Angeles on Dec. 14.
Lionsgate earlier unveiled its own slate of directors, with 11 of its incumbent directors up for re-election.
Only Brian Tobin, a former...
In response, Lionsgate late Friday said it had received notice from Icahn that he intended to nominate five dissident board members, but added the move "has not articulated a vision for Lionsgate regarding how he (Icahn) would improve" on recent financial results.
The proposed directors from the billionaire investor include Canadian TV producer Jay Firestone, former Bertelsmann Entertainment executive Michael Dornemann, Princeton economics professor Harold Shapiro and Daniel Ninivaggi, president of Ichan Enterprises.
The five dissident director nominees will be nominated for voting by shareholders at Lionsgate¹s upcoming Agm in Los Angeles on Dec. 14.
Lionsgate earlier unveiled its own slate of directors, with 11 of its incumbent directors up for re-election.
Only Brian Tobin, a former...
- 11/26/2010
- The Hollywood Reporter - Movie News
Lionsgate has unveiled its slate of directors for its upcoming annual shareholder meeting as a proxy fight with billionaire investor Carl Icahn heats up.
The mini-studio disclosed Friday in a filing with the Securities and Exchange Commission that it is proposing 12 director nominees for shareholders to vote on when they meet on December 14 in Los Angeles.
Eleven of its incumbent directors are up for re-election.
Only Brian Tobin, a former Canadian politician and a current director of Lionsgate, will not stand for re-election at the Agm. In his place, Vancouver-based Lionsgate is putting forward as a director nominee Frank Guistra, who founded Lionsgate in 1997 and was replaced as CEO of the mini-studio in March 2000 by Jon Feltheimer.
The other director nominees are Canadian entertainment lawyers Norman Bacal and Arthur Evrensel, Lionsgate CEO Jon Feltheimer and vice-chairman Michael Burns, businessmen Morley Koffman, Darryl Simm and Harald Ludwig, Canadian entertainment executives G.
The mini-studio disclosed Friday in a filing with the Securities and Exchange Commission that it is proposing 12 director nominees for shareholders to vote on when they meet on December 14 in Los Angeles.
Eleven of its incumbent directors are up for re-election.
Only Brian Tobin, a former Canadian politician and a current director of Lionsgate, will not stand for re-election at the Agm. In his place, Vancouver-based Lionsgate is putting forward as a director nominee Frank Guistra, who founded Lionsgate in 1997 and was replaced as CEO of the mini-studio in March 2000 by Jon Feltheimer.
The other director nominees are Canadian entertainment lawyers Norman Bacal and Arthur Evrensel, Lionsgate CEO Jon Feltheimer and vice-chairman Michael Burns, businessmen Morley Koffman, Darryl Simm and Harald Ludwig, Canadian entertainment executives G.
- 11/20/2010
- The Hollywood Reporter - Movie News
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