Wegener Averts A Proxy Confrontation

Farrell, Mike
October 2006
Multichannel News;10/9/2006, Vol. 27 Issue 40, p33
The article reports that Wegener Corp. managed to avoid a proxy encounter with David Wright, company's major stockholder, in the U.S. According to the author, both parties has agreed to settle their issue which provides a temporary cease fire from their conflict and Wright's filing of legal suit is also postponed. According to Wegener treasurer and chief financial officer C. Troy Woodbury, the issue is over and expects that the situation will never occur because of their new board of directors.


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