The recent announcement of a new board member,
Carol Wrenn, was masked by the fact that Heska
has had other changes in its board of directors.
Apparently Louise McCormick has resigned, and
John Sassen passed away in February. Heska has
put other board members down to alternate status,
because they intend to resign in 2014.
Instead of 8 board members. Heska will proceed
with only 6 for 2013. HSKA , already challenged
by corporate governance, is now reducing
independent oversight. How wonderful!!!
Heska has separated the board of directors into
three classifications. Class 1,2,&3.
Presumably these classifications are weighted
to voting power. Heska announced that there would
be only 6 directors in 2013. Grieve presides over
the board so he is counting himself as a director.
Each classification has 2 people. The press release
stated Peter Eio, and Sharon Riley would be class 2
directors. We can assume chairman Aylesworth &
Grieve, are Class 1. That leaves Irwin Gordon, and
newcomer Carol Wrenn as class 3.
I will not be surprized with the new configuration
that Grieve will continue the monopoly moves to
game the shareholders. This has been his pattern,
and we should assume he is now figuring how to
give himself another increase in compensation for 2013.