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Diamond Foods, Inc. (DMND) Message Board

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  • rogerxavier2 rogerxavier2 Feb 26, 2012 10:03 AM Flag

    Friday's 8K - bottomline a very good thing

    "Under normal conditions what company would think to draft a retention plan that includes an statement specifically includes a clause addressing a "change of control of Diamond".

    Boiler plate in almost every 10K.

    The change of control issue is always a possibility and must be addressed,if just in passing, to ward off future suits.
    If a CEO retires or is dumped by the BOD that is change of control.
    If a BOD member resigns in protest or if the entire BOD is ousted by shareholders that is change of control.
    If a raider acquires a blocking position that is change of control.

    There may or may not be a "deal in the works".

    OTOH if more management left at this time it would be viewed in a negative light.Keeping current management on board is a smart play by Wolford.

    Consider this: If there was more cess in this pool would those who still remain unbesmirched risk their livelihood and/or reputations by staying for any amount of money?