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ModusLink Global Solutions, Inc. Message Board

  • spook2b spook2b Dec 10, 2013 2:17 PM Flag

    additional proxy filing

    I noticed MLNK made an additional proxy filing a couple of days back. It is in the form of a letter to shareholders who have not yet voted before the annual meeting (Dec18). Their big push seems 2b the move to declassify the board. Since they need 75% of outstanding shares to vote affirmatively, it makes sense that they are beating the bushes for more votes. It's possible that this is a move by Steel to "pack" the board, in that they could run their candidates in 2014 rather than waiting for staggered terms to end. I'm not that up on corporate politics to know for sure.

    I'm still thinking that they could put out their 1st quarter 10Q tonight. We shall see...

 
MLNK
1.30-0.04(-2.99%)Aug 26 4:00 PMEDT