TITLE

Proxy fight over FBI board seats heats up

PUB. DATE
April 2008
SOURCE
Furniture/Today;4/28/2008, Vol. 32 Issue 33, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article offers information on the proxy fight over Furniture Brands International board seats. It states that Sun Capital, a Brands stockholder, has nominated three new board members against the company's candidates. On other hand, Furniture Brands said that it projects to gain higher earnings from continuing operations in the first quarter of 2008 despite a decline of about 14% in sales.
ACCESSION #
31913638

 

Related Articles

  • Sun gets 3 on FBI board. Thomas, Larry // Furniture/Today;5/26/2008, Vol. 32 Issue 38, p1 

    The article reports that Furniture Brands International Inc. (FBI) has confirmed that three people nominated by stockholder Sun Capital Partners won for seats on its eight-member board of directors in the U.S. The new Sun Capital backed board members are Alan Schwartz, a professor at Yale Law...

  • Sun Capital claims victory over FBI. Thomas, Larry // Furniture/Today;5/5/2008, Vol. 32 Issue 34, p1 

    The article reports on the success of Sun Capital Partners Inc. in its proxy solicitation against Furniture Brands International Inc. (FBI) in the U.S. It is stated that the shareholders of Sun Capital have elected three nominees on an estimate of a substantial margin made by D. F. King & Co. as...

  • Sun Capital sells some of its FBI stake. Combs, Heath E. // Furniture/Today;3/16/2009, Vol. 33 Issue 27, p31 

    The article reports on the decision of Sun Capital Partners Inc. to sell its 711,853 shares at Furniture Brands International Inc. (FBI) in Boca Raton, Florida. The move is claimed to be due to the substantial resources equity investing requires and is part of the company's strategy to focus on...

  • Sun Capital increases FBI stake to 8.9%. Combs, Heath E. // Furniture/Today;9/24/2007, Vol. 32 Issue 4, p94 

    The article reports on the move of Sun Capital Inc. to raise its stake in Furniture Brand International Inc. (FBI) to 8.9 percent in High Point, North Carolina. In a filing with the Securities and Exchange Commission, Sun Capital said that it owns a little over 4.3 million shares of FBI stock...

  • Sun seeks seats on FBI's board. Thomas, Larry // Furniture/Today;4/7/2008, Vol. 32 Issue 31, p1 

    The article reports on the decision of Sun Capital Partners (SCP) to nominate its own slate of directors on the Furniture Brands International's (FBI's) board in Boca Raton, Florida. SCP, whose affiliates own 4.58 million shares of FBI's stock, has asked the latter for a list of its stockholders...

  • The financial crisis, investor activists and corporate strategy: will this mean shareholders in the boardroom? Ingley, Coral; Mueller, Jens; Cocks, Graeme // Journal of Management & Governance;Nov2011, Vol. 15 Issue 4, p557 

    The concept of stakeholder engagement is gaining increasing attention in the mainstream media and may feature as part of a corporation's strategy for corporate social responsibility. Not only are boards considering how they might engage with key stakeholders, but stakeholders are also pursuing...

  • Managing & Avoiding Activist Shareholders' Wrath. KOENEMAN, CLAIRE // PR News;4/6/2009, Vol. 65 Issue 14, p8 

    The article offers tips on managing and avoiding the wrath of activist shareholders who are equipped with a better idea of how to run a company. The common characteristics of activist shareholder targets include a management team that lacks investor support and excessive compensation structures....

  • Boards Need to Regain High Ground and Preserve Relevance. Steingraber, Fred G.; Kane, Karen // NACD Directorship;Jun/Jul2010, Vol. 36 Issue 3, p9 

    The article focuses on the need for the board directors to regain high ground and preserve relevance. It the authors' opinion, financial regulation and shareholder activism are a direct response to the board's defensive posture and perceived dismissal of the shareholder's role in corporate...

  • Op-Ed: Corporate Governance - Will It Deliver Value Than Fluff For India? Reddy, Y. R. K. // Vidwat: The Indian Journal of Management;Jan-Jun2014, Vol. 7 Issue 1, p4 

    The author discusses the benefits offered by corporate governance on the economy of India. The author mentions several factors that affects corporate governance of the country including poor quality of board discussions, lack of shareholder activism among foreign institutional investors, and...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics