PFSweb announces proposed corporate governance changes

theflyonthewall.com

PFSweb announced that, after considering input from several of the company’s largest stockholders, its Board of Directors has unanimously voted to include in the company’s proxy statement for its 2013 annual meeting of stockholders management proposals to eliminate the company’s classified board structure and adopt a majority vote standard for the election of directors in uncontested elections. PFSweb also reported that it is considering potential candidates to fill an additional seat on its Board. The Board’s Nominating Committee is currently seeking an experienced business leader with relevant expertise, and will make a recommendation to the full Board at the conclusion of the process.

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