Fri, Mar 6, 2015, 1:03 AM EST - U.S. Markets open in 8 hrs 27 mins


% | $
Quotes you view appear here for quick access.

TESSCO Technologies Inc. Message Board

  • djenkin3 djenkin3 Feb 6, 2010 9:40 AM Flag

    Proposal for board of director terms

    Great proposal. Board of directors need to answer to what is best for shareholders...not their own self interest.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "Tessco Technologies’ largest shareholder is urging other owners to require all company directors to stand for election annually.

      Discovery Group, a Chicago investment firm, argues that the Hunt Valley technology company’s current policy of three-year staggered terms for directors is bad corporate governance.

      Discovery submitted a shareholder proposal to be voted on at the company’s annual meeting this summer.

      Discovery made a similar effort at Tessco’s 2009 annual meeting. Three-fourths of shareholders voted to recommend the company abolish an anti-takeover mechanism, but the board of directors has kept it in place."

      I hope most everyone here agrees with Discovery.

      I cannot understand why if 75% of stockholders voted to abolish the anti-takeover mechanism, it has not been done, yet. Vote the Board out!!

22.19-0.060(-0.27%)Mar 5 3:59 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Geron Corporation
NASDAQThu, Mar 5, 2015 4:00 PM EST
Orbital ATK, Inc.
NYSEThu, Mar 5, 2015 4:02 PM EST