Corporate governance

SHAREHOLDER ALERT: WeissLaw LLP Investigates Shutterfly, Inc. Acquisition

Retrieved on: 
Thursday, June 13, 2019

WeissLaw is investigating whether SFLY's Board acted to maximize shareholder value prior to entering into the agreement.

Key Points: 
  • WeissLaw is investigating whether SFLY's Board acted to maximize shareholder value prior to entering into the agreement.
  • Notably, at least one analyst set a target price of $57.00 per SFLY share, or approximately 11% more than the per share consideration.
  • WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.
  • We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.

BoardSuited™ and The Millennium Alliance Team Up to Increase Board of Director Candidate Diversity and Pipeline

Retrieved on: 
Thursday, June 13, 2019

"Given that digital transformation, cybersecurity and diversity are all board level imperatives, we believe that our timing could not be better."

Key Points: 
  • "Given that digital transformation, cybersecurity and diversity are all board level imperatives, we believe that our timing could not be better."
  • said Brocaglia "Teaming up with the Millennium Alliance gives us an opportunity to impact the pace at which we increase the size and diversity of the board candidate pipelinewhich is not only central to our mission but one we share."
  • The Millennium Alliance is a leading technology and business educational advisory organization in North America.
  • BoardSuited is an innovative executive training company, designed to prepare senior executives for Public, Private and Advisory board candidacy and service.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Stewardship Financial Corporation Acquisition

Retrieved on: 
Wednesday, June 12, 2019

WeissLaw is investigating whether SSFN's Board acted to maximize shareholder value prior to entering into the agreement.

Key Points: 
  • WeissLaw is investigating whether SSFN's Board acted to maximize shareholder value prior to entering into the agreement.
  • Notably, the deal is a strategic transaction which will increase Columbia's footprint in New Jersey with the addition of SSFN's 12 local banking offices.
  • WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.
  • We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Vical Incorporated Acquisition

Retrieved on: 
Wednesday, June 12, 2019

WeissLaw is investigating whether VICL's Board acted to maximize shareholder value prior to entering into the agreement.

Key Points: 
  • WeissLaw is investigating whether VICL's Board acted to maximize shareholder value prior to entering into the agreement.
  • Notably, at close of the transaction, VICL shareholders will own only 40% of the combined company.
  • WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.
  • We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.

Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS and Egan-Jones in Recommending MiMedx Shareholders Vote "For" All Three of the Company's Director Nominees

Retrieved on: 
Wednesday, June 12, 2019

In addition, Glass Lewis joined ISS in recommending shareholders vote against the two shareholder proposals submitted by Parker H. "Pete" Petit on the BLUE card.

Key Points: 
  • In addition, Glass Lewis joined ISS in recommending shareholders vote against the two shareholder proposals submitted by Parker H. "Pete" Petit on the BLUE card.
  • MiMedx urges shareholders to follow the recommendations of all three leading proxy advisory firms, Glass Lewis, ISS and Egan-Jones, and vote "FOR" MiMedx's highly qualified nominees online or by telephone, using the BLUE proxy card TODAY.
  • Your Vote Is Important, No Matter How Many Or How Few Shares You Own.
  • If you have questions about how to vote your shares, or need additional assistance, please contactthe firm assisting MiMedx in the solicitation of proxies:
    Sidley Austin LLP is acting as legal advisor to MiMedx.

ILJIN SNT Files Investor Presentation, Urging Aurinia Shareholders to Correct Governance Failures and Director Conflicts

Retrieved on: 
Wednesday, June 12, 2019

Aurinias corporate governance consistently fails in critical areas when compared to prevalent practices, including with regard to director and executive stock ownership, gender diversity, director overboarding and bloated non-audit fees.

Key Points: 
  • Aurinias corporate governance consistently fails in critical areas when compared to prevalent practices, including with regard to director and executive stock ownership, gender diversity, director overboarding and bloated non-audit fees.
  • Further, Aurinia has failed to implement policies to ensure management is aligned with shareholders interests, including performance-based equity awards or recoupment/clawback policies.
  • The Aurinia CEO position has been a revolving door, which has contributed to instability and shareholder value destruction.
  • They are committed to implementing specific improvements to Aurinias governance and helping the Corporation realize its tremendous potential for all shareholders.

FSD Pharma Adds Biotech/LifeSciences Industry veteran James A. Datin and Robert J. Ciaruffoli, Former Chairman & CEO of Parente Beard/Baker Tilly to Board of Directors

Retrieved on: 
Wednesday, June 12, 2019

It is an honor to welcomeJimDatinand BobCiaruffolito the FSD Pharma Board of Directors, said Dr. RazaBokhari,ExecutiveCo-Chairmanand CEO.

Key Points: 
  • It is an honor to welcomeJimDatinand BobCiaruffolito the FSD Pharma Board of Directors, said Dr. RazaBokhari,ExecutiveCo-Chairmanand CEO.
  • Im pleased to be joining the FSD Pharma Board of Directors, said Mr.Datin.
  • He was also CEO of Touchpoint Solutions and is a former board member ofIntralinks, where he chaired the audit committee.
  • Mr.Ciaruffoliis a CPA and served as the chairman and CEO of the Parente Beard/Baker Tilly accounting and advisory firm.

EQT Highlights its Purpose-Built Board; EQT’s Nominees Have the Right Mix of Skills and Experience to Oversee the Company’s Continued Success

Retrieved on: 
Wednesday, June 12, 2019

EQT Corporation (NYSE:EQT) today mailed a letter to shareholders highlighting the complementary skills and experience of the Companys 12 highly qualified director nominees.

Key Points: 
  • EQT Corporation (NYSE:EQT) today mailed a letter to shareholders highlighting the complementary skills and experience of the Companys 12 highly qualified director nominees.
  • Through this ongoing refreshment process, EQT is optimizing its Board to oversee continued improvement in EQTs operational efficiency, cost structure, free cash flow growth and corporate governance practices.
  • Protect the value of your investment by voting today FOR all 12 of EQTs director nominees on the GOLD universal proxy card.
  • A vote FOR EQTs director nominees on the GOLD universal proxy card is a vote FOR a Board:
    Comprising highly experienced nominees with the right mix of skills and experience to oversee the management teams continued execution of the Companys strategic plan.

Brocaglia Launches Third Company to Prepare Executives for Board Service

Retrieved on: 
Wednesday, June 12, 2019

FLEMINGTON, N.J., June 12, 2019 /PRNewswire-PRWeb/ -- BoardSuited , a new and innovative executive education company designed to prepare senior executives for board candidacy and service, launches this month.

Key Points: 
  • FLEMINGTON, N.J., June 12, 2019 /PRNewswire-PRWeb/ -- BoardSuited , a new and innovative executive education company designed to prepare senior executives for board candidacy and service, launches this month.
  • "Given that digital transformation, cybersecurity and diversity are all board level imperatives, we believe that our timing could not be better," said Brocaglia.
  • There are currently many programs that train existing board directors, but very few actually prepare executives seeking their first board appointment.
  • BoardSuited is an innovative executive training company, designed to prepare senior executives for Public, Private and Advisory board candidacy and service.

Tufin Names Tom Schodorf and Brian Gumbel to Board of Directors

Retrieved on: 
Tuesday, June 11, 2019

Tom and Brian are tremendous additions to our Board, said Ruvi Kitov, Chairman, CEO and Co-Founder of Tufin.

Key Points: 
  • Tom and Brian are tremendous additions to our Board, said Ruvi Kitov, Chairman, CEO and Co-Founder of Tufin.
  • As part of Tufins post-IPO board transition, with the addition of Tom Schodorf and Brian Gumbel, the company has made certain changes to the composition of its board committees.
  • Tom Schodorf has been appointed to the Audit Committee and Brian Gumbel to the Compensation Committee.
  • The composition of the companys board committees is now as follows:
    Audit Committee: Dafna Gruber (Chair), Peter Campbell and Tom Schodorf.