The Birmingham News - al.com | SEC Championship, position-by-position ESPN (blog) DawgNation's David Ching and TideNation's Alex Scarborough take a look at Alabama and Georgia position-by-position as Saturday's SEC championship game between the second-ranked Crimson Tide (11-1) and third-ranked Bulldogs (11-1) approaches. Alabama h as advantage over Georgia in position-by-position matchup (SEC ... Alabama Footb » |
Friday, November 30, 2012
SEC Championship, position-by-position - ESPN (blog)
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Thursday, November 29, 2012
InBev told to sell Labatt with Anheuser-Busch merger - The Business Journal of Milwaukee:
andreychukuze.blogspot.com
The terms of a consentt final judgment filed todayin U.S. Districtg Court for the District of Columbia require LabattBrewing Co. a partially owned, indirect subsidiary of InBev basesdin Toronto, Quebec, to grant a perpetual and exclusiv e license to brew, market, distribute and sell the Labat t beer brands in the United Statex to an independent third party. Labatt Brewinh in Canada will be allowed to brew and supplyu the Labatt brands tothe U.S. licensee for an interim period ofthree years.
The existing operations of , an InBevg subsidiary based in Buffalo, that currently support the brand in the marker will be sold tothe Anheuser-Busch said in a release that the divestiture of the Labatt busineszs in the U.S. will take place after the mergertdeal closes. Anheuser-Busch is the top domestic competitoreto LLC, the recently merged Miller Brewingv of Milwaukee and Coors Brewing of Colorado.
InBev reiteratec that it expects to completre its purchaseof Anheuser-Busch “ax soon as practicable,” having previously said it plansw to complete the purchase by the end of the Depending on the timing of finap regulatory approvals, the sale could close as early as the end of this Anheuser-Busch shareholders approved the company’w sale to InBev for $70 a share at a speciap meeting Wednesday. InBev shareholders previously voted in favord of thedeal Sept. 29. St. Louis-baseed Anheuser-Busch Cos. Inc. ( : BUD), through its Anheuser-Buscgh Inc. subsidiary, holds a 48.5 percent share of U.S. beer sales.
It also owns a 50 percent sharein , Mexico’s leadingy brewer, and a 27 percent shard in China brewer
The terms of a consentt final judgment filed todayin U.S. Districtg Court for the District of Columbia require LabattBrewing Co. a partially owned, indirect subsidiary of InBev basesdin Toronto, Quebec, to grant a perpetual and exclusiv e license to brew, market, distribute and sell the Labat t beer brands in the United Statex to an independent third party. Labatt Brewinh in Canada will be allowed to brew and supplyu the Labatt brands tothe U.S. licensee for an interim period ofthree years.
The existing operations of , an InBevg subsidiary based in Buffalo, that currently support the brand in the marker will be sold tothe Anheuser-Busch said in a release that the divestiture of the Labatt busineszs in the U.S. will take place after the mergertdeal closes. Anheuser-Busch is the top domestic competitoreto LLC, the recently merged Miller Brewingv of Milwaukee and Coors Brewing of Colorado.
InBev reiteratec that it expects to completre its purchaseof Anheuser-Busch “ax soon as practicable,” having previously said it plansw to complete the purchase by the end of the Depending on the timing of finap regulatory approvals, the sale could close as early as the end of this Anheuser-Busch shareholders approved the company’w sale to InBev for $70 a share at a speciap meeting Wednesday. InBev shareholders previously voted in favord of thedeal Sept. 29. St. Louis-baseed Anheuser-Busch Cos. Inc. ( : BUD), through its Anheuser-Buscgh Inc. subsidiary, holds a 48.5 percent share of U.S. beer sales.
It also owns a 50 percent sharein , Mexico’s leadingy brewer, and a 27 percent shard in China brewer
Wednesday, November 28, 2012
Pedal to Properties takes on partner, plans expansion - Memphis Business Journal:
ogarawo.wordpress.com
Founded and headed by Matt Pedal to Properties is a residential real estate firm that givew clients the option of looking at homesaby bicycle. The company maintaind a fleet of 50 ElectraCruise bikes. Kolb has sold a 50 percenyt stake in the company for an undisclosed sum to attornehyTim Majors, who specializes in takinbg regional retail businesses national. As a partner in Pedal to Properties, Majorss will work out of the company’s Boulder office. Majors, who’s originally from Australia, approached Kolb about investingb in the real estate firm aftere looking at Boulder propertiesby bicycle.
“We certainly plan to incorporated [Tim’s] national and international branding expertise to expandc Pedal to Properties inother markets,” Kolb said in a Pedal to Properties plans to look at openint branch offices in other, unspecified U.S. markets. In May, the compant launched a licensee designation for brokersd interested in using theBoulder business’ operational formulza in their markets. The Colorado company alreadyh is working to expand quickly in its hometowb by adding more space and agents indowntown Boulder.
“I believse Pedal to Properties is in a perfecg position to meet the evolving social and demographix changes going on in the United Statedswith homebuyers,” Majors said in a
Founded and headed by Matt Pedal to Properties is a residential real estate firm that givew clients the option of looking at homesaby bicycle. The company maintaind a fleet of 50 ElectraCruise bikes. Kolb has sold a 50 percenyt stake in the company for an undisclosed sum to attornehyTim Majors, who specializes in takinbg regional retail businesses national. As a partner in Pedal to Properties, Majorss will work out of the company’s Boulder office. Majors, who’s originally from Australia, approached Kolb about investingb in the real estate firm aftere looking at Boulder propertiesby bicycle.
“We certainly plan to incorporated [Tim’s] national and international branding expertise to expandc Pedal to Properties inother markets,” Kolb said in a Pedal to Properties plans to look at openint branch offices in other, unspecified U.S. markets. In May, the compant launched a licensee designation for brokersd interested in using theBoulder business’ operational formulza in their markets. The Colorado company alreadyh is working to expand quickly in its hometowb by adding more space and agents indowntown Boulder.
“I believse Pedal to Properties is in a perfecg position to meet the evolving social and demographix changes going on in the United Statedswith homebuyers,” Majors said in a
Sunday, November 25, 2012
MPs asked to allocate RM5,000 for 'House Build' initiative - Malay Mail
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MPs asked to allocate RM5,000 for 'House Build' initiative Malay Mail HOUSING and Local Government Minister Datuk Seri Chor Chee Heung today suggested that members of parliament (MPs) allocate RM5,000 each to help repair poor people's homes through the 'House Build' initiative launched by his ministry. He said if all ... |
Saturday, November 24, 2012
Senate panel approves health care reform bill - Puget Sound Business Journal (Seattle):
bakakinkorypon.blogspot.com
The HELP Committee bill requires businesses with 25 employeeas or more to offer health insurance orpay $750 a year per full-timr worker to the federal government. Individuals would be require toobtain coverage. The bill also would create an insuranc exchange, where individuals and smal businesses could purchasehealth insurance. That exchange would include a government-run plan that woulds compete with private President Barack Obama praisedthe committee’xs passage of the bill, saying it would “bring down expand coverage, and increase choice.” Houswe Democrats introduced their health care reform bill Tuesday.
Under this employers would have to a pay a penalty totaling 8 percengt of their payroll if they do notprovidde insurance. Small businesses with less than $250,000 in payroll would be exempr fromthis requirement. Firms with payrollp between $250,000 and $400,000 would pay a penaltt ranging from 2 percent to 6 percent of payroll ifthey don’ offer insurance. The Senate HELP Committee’s bill did not addressa how revenue would be raised to pay for health care reform, which would include tax credits for some small businesses and subsidiesd for some individuals to help them buy Revenue issues will be addressed by the Senate Finance which has yet to unveil its House Democrats proposed imposing a tax surcharg on high-income Americans to help pay for the $1 trillion, 10-yeart cost of their bill.
A 1.2 percent surcharg would be imposed on married couples with adjustecd gross incomeabove $350,000 and on individuals with adjusted grossd income above $280,000. Taxpayers with incomesz above those levels would facehigher surcharges, with a maximun of 5.4 percent charged to joint filers with incomeas above $1 million. Republicans and some business groups contend that many small businesses woulde be hit bythis surcharge, since profite at most small businesses are taxed at the individuall level.
“Placing a big tax burden on the smal business community would rob them of the resources they need to creatse the jobs that will lead us out ofthe recession,” said Tom president of the . “If there’s one sure way to kill the goosew that lays thegoldeb egg, this is it.” "Whhy are House Democrats trying to ply more capital and resourced out of the private sector when businessez and the economy need every penny it can get its handsw on?" said Karen Kerrigan, president and CEO of the .
Housd Democrats, however, contend the surcharge woulf hit only 4 percent of smallpbusiness owners, including individuals who receives only a small portion of their income from investment s in small businesses. They contend most smal businesses would benefit from the bill becauser the insurance exchange and markegt reforms would make coverage more Many business groups also oppose the employerf mandates in the Senate andHouse bill, contendinfg many businesses simply can’gt afford to provide insurance, especiall in a recession.
A letter sent Tuesdat to House members by 31 businessassociationd said, “Congress should allow market forceas and employer autonomy to determine what benefitxs employers provide, rather than deciding by fiat.” Theser groups, ranging from the chamber to the , also said the publicf plan would lead to higher costs for privatee insurance. They urged Congress to focus on areas of healtjh care reform where thereis consensus: “initiatives to improve qualituy and lower costs, introducingf fair regulation of the insurance market, and building a robustf marketplace for consumers.
”
The HELP Committee bill requires businesses with 25 employeeas or more to offer health insurance orpay $750 a year per full-timr worker to the federal government. Individuals would be require toobtain coverage. The bill also would create an insuranc exchange, where individuals and smal businesses could purchasehealth insurance. That exchange would include a government-run plan that woulds compete with private President Barack Obama praisedthe committee’xs passage of the bill, saying it would “bring down expand coverage, and increase choice.” Houswe Democrats introduced their health care reform bill Tuesday.
Under this employers would have to a pay a penalty totaling 8 percengt of their payroll if they do notprovidde insurance. Small businesses with less than $250,000 in payroll would be exempr fromthis requirement. Firms with payrollp between $250,000 and $400,000 would pay a penaltt ranging from 2 percent to 6 percent of payroll ifthey don’ offer insurance. The Senate HELP Committee’s bill did not addressa how revenue would be raised to pay for health care reform, which would include tax credits for some small businesses and subsidiesd for some individuals to help them buy Revenue issues will be addressed by the Senate Finance which has yet to unveil its House Democrats proposed imposing a tax surcharg on high-income Americans to help pay for the $1 trillion, 10-yeart cost of their bill.
A 1.2 percent surcharg would be imposed on married couples with adjustecd gross incomeabove $350,000 and on individuals with adjusted grossd income above $280,000. Taxpayers with incomesz above those levels would facehigher surcharges, with a maximun of 5.4 percent charged to joint filers with incomeas above $1 million. Republicans and some business groups contend that many small businesses woulde be hit bythis surcharge, since profite at most small businesses are taxed at the individuall level.
“Placing a big tax burden on the smal business community would rob them of the resources they need to creatse the jobs that will lead us out ofthe recession,” said Tom president of the . “If there’s one sure way to kill the goosew that lays thegoldeb egg, this is it.” "Whhy are House Democrats trying to ply more capital and resourced out of the private sector when businessez and the economy need every penny it can get its handsw on?" said Karen Kerrigan, president and CEO of the .
Housd Democrats, however, contend the surcharge woulf hit only 4 percent of smallpbusiness owners, including individuals who receives only a small portion of their income from investment s in small businesses. They contend most smal businesses would benefit from the bill becauser the insurance exchange and markegt reforms would make coverage more Many business groups also oppose the employerf mandates in the Senate andHouse bill, contendinfg many businesses simply can’gt afford to provide insurance, especiall in a recession.
A letter sent Tuesdat to House members by 31 businessassociationd said, “Congress should allow market forceas and employer autonomy to determine what benefitxs employers provide, rather than deciding by fiat.” Theser groups, ranging from the chamber to the , also said the publicf plan would lead to higher costs for privatee insurance. They urged Congress to focus on areas of healtjh care reform where thereis consensus: “initiatives to improve qualituy and lower costs, introducingf fair regulation of the insurance market, and building a robustf marketplace for consumers.
”
Thursday, November 22, 2012
Business
ogarawo.wordpress.com
The projected 9 percent cost increase is slightlhy lower thanthe 9.2 percent increase in 2009 and 9.9 percengt increase in 2008, PricewaterhouseCoopers says. Medical-cost increases continu to outpace inflation and wage The report suggests that medicall costs continue to climbbecause U.S. workera are accelerating their useof health-care services in anticipationj of losing their jobs and, potentially, theirr insurance. Rising unemployment, an increaserd numbers of individuals with little or no insurance and a growing percentages of the population on Medicaid furthetr rampup medical-cost trends — the figure s actuaries use to set futurs health-insurance premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costz of health insurance to their workersin 2010. Employers also say they expec workers to take more responsibilit for managing theirpersonal health.
The projected 9 percent cost increase is slightlhy lower thanthe 9.2 percent increase in 2009 and 9.9 percengt increase in 2008, PricewaterhouseCoopers says. Medical-cost increases continu to outpace inflation and wage The report suggests that medicall costs continue to climbbecause U.S. workera are accelerating their useof health-care services in anticipationj of losing their jobs and, potentially, theirr insurance. Rising unemployment, an increaserd numbers of individuals with little or no insurance and a growing percentages of the population on Medicaid furthetr rampup medical-cost trends — the figure s actuaries use to set futurs health-insurance premiums.
Employers surveyed by PricewaterhouseCoopers said they will push more of the costz of health insurance to their workersin 2010. Employers also say they expec workers to take more responsibilit for managing theirpersonal health.
Wednesday, November 21, 2012
Cattlemen group picking up election pieces - Lincoln Journal Star
youngmanmeledero1636.blogspot.com
Cattlemen group picking up election pieces Lincoln Journal Star Lobbyist Colin Woodall came to a Beef Summit in Lincoln on Tuesday with a long list of wins and probable wins for his side in the latest legislative and regulative wars. Beating back agricultural dust restrictions. Freedom in beef marketing contracts ... |
Monday, November 19, 2012
Ascension Insurance buys three California agencies - Birmingham Business Journal:
tenamup.wordpress.com
The Kansas City-based company bought of Santq Monica, which specializes in development, placement and administrationm support of student health insurance ofWalnut Creek, whichj provides employee benefits, retirement services and HR outsourcinf primarily for nonprofits; and Inc. of Agoura which specializes in administration of studenthealth insurance, including intercollegiatse sports injury programs. Overall, the acquisitions will bring Ascension’sd annual revenue to about $75 million, rankinvg it among the nation’s biggest 35 agencies, Ascension CEO Leonare Kline said inan interview. The companyg said it had $55 million in revenues in March, after its in Fort Lauderdale, Fla.
Ascension now has more than 400 employeees at 20 officelocationds nationwide. “The acquisitions ... represeng a valuable opportunity for us to expand our West Coasft operations and to fulfill our goal of providintthe best-quality expertise, markets and resources to the middle market,” Kline said. “Each organizationb brings unique capabilities to our growing portfolii ofinsurance agencies, as well as dedicated employeee who share our mission to provide outstanding servicse to our customers in California and throughout the United Kline said the deal closed Thursday Ascension is a full-service insurance and employee benefits agencyg providing brokerage and risk-management services to middle-markey companies nationwide.
Ascension has been a active in the mergersa and acquisition market sincd it was founded from scratch in August 2007, making . The company is assistedf by funds from its privateequity partners, and . The goal is to increasee the company’s annual revenue to $200 million within the next five years.
The Kansas City-based company bought of Santq Monica, which specializes in development, placement and administrationm support of student health insurance ofWalnut Creek, whichj provides employee benefits, retirement services and HR outsourcinf primarily for nonprofits; and Inc. of Agoura which specializes in administration of studenthealth insurance, including intercollegiatse sports injury programs. Overall, the acquisitions will bring Ascension’sd annual revenue to about $75 million, rankinvg it among the nation’s biggest 35 agencies, Ascension CEO Leonare Kline said inan interview. The companyg said it had $55 million in revenues in March, after its in Fort Lauderdale, Fla.
Ascension now has more than 400 employeees at 20 officelocationds nationwide. “The acquisitions ... represeng a valuable opportunity for us to expand our West Coasft operations and to fulfill our goal of providintthe best-quality expertise, markets and resources to the middle market,” Kline said. “Each organizationb brings unique capabilities to our growing portfolii ofinsurance agencies, as well as dedicated employeee who share our mission to provide outstanding servicse to our customers in California and throughout the United Kline said the deal closed Thursday Ascension is a full-service insurance and employee benefits agencyg providing brokerage and risk-management services to middle-markey companies nationwide.
Ascension has been a active in the mergersa and acquisition market sincd it was founded from scratch in August 2007, making . The company is assistedf by funds from its privateequity partners, and . The goal is to increasee the company’s annual revenue to $200 million within the next five years.
Sunday, November 18, 2012
Safeway Inc. Company Profile | SWY Company Information
takes-trendsthe.blogspot.com
The Safeway Employee Storexs at NorCal and Vons are dramatically expanding thei r services to better meet the needsw ofour stores, facilities and divisions of the Safewauy organization. As a result, the two stores will take on the name Safewag EmployeeStore (SES). Through the additiojn of our newweb site, we will now be able to make our servicezs available to all 200,000 employees of the Safewagy Companies. SES is a department within Safeway that encompasses the OptionapUniform Program, Safeway Corporate Catalog and the Employee Stores at NorCap and Vons. We carry uniforms, logo awards, incentives and gift items.
Our goal is to meet the purchasinh needs ofour employees, management and Now you can make your purchase at the two store locations or online. For our employees and stockholders, we offe r the opportunity to purchase logo merchandise and memorabilia that gives them the ability to show pride in the family ofSafeway Companies. For our management team, therre is no need to go outsidd the company to make thosequantity purchases. We have establishefd a relationship with suppliers that gives us the lowest pricwe onall items.
SES can make creative supply samples, negotiate the best process all paperwork, create signage and handle the fulfillment To insure you are getting the best valu e foryour dollar, each product we supply goes througg a rigorous quality assurance ...
The Safeway Employee Storexs at NorCal and Vons are dramatically expanding thei r services to better meet the needsw ofour stores, facilities and divisions of the Safewauy organization. As a result, the two stores will take on the name Safewag EmployeeStore (SES). Through the additiojn of our newweb site, we will now be able to make our servicezs available to all 200,000 employees of the Safewagy Companies. SES is a department within Safeway that encompasses the OptionapUniform Program, Safeway Corporate Catalog and the Employee Stores at NorCap and Vons. We carry uniforms, logo awards, incentives and gift items.
Our goal is to meet the purchasinh needs ofour employees, management and Now you can make your purchase at the two store locations or online. For our employees and stockholders, we offe r the opportunity to purchase logo merchandise and memorabilia that gives them the ability to show pride in the family ofSafeway Companies. For our management team, therre is no need to go outsidd the company to make thosequantity purchases. We have establishefd a relationship with suppliers that gives us the lowest pricwe onall items.
SES can make creative supply samples, negotiate the best process all paperwork, create signage and handle the fulfillment To insure you are getting the best valu e foryour dollar, each product we supply goes througg a rigorous quality assurance ...
Saturday, November 17, 2012
Leesville can't find rhythm against Trojans - News & Observer
lyubomiradete.blogspot.com
Leesville can't find rhythm against Trojans News & Observer Leesville Road couldn't find its rhythm Friday night as it followed big plays with costly penalties in the Pride's 56-35 loss to Garner in the third round of the N.C. High School Athletic Association 4AA state football playoffs. By Caryn Grant. cgrant ... |
Thursday, November 15, 2012
Visible signs of aging signaled increased risk of heart disease, study finds - Chicago Tribune
shelly-polymer.blogspot.com
Visible signs of aging signaled increased risk of heart disease, study finds Chicago Tribune In a study following more than 10,000 people over 35 years, the presence of visible signs of aging signaled an increased risk of heart attack and heart disease. The research was presented at the American Heart Association's Scientific Sessions in Los ... |
Telegraph.co.uk | Entwistle: I am doing everything I can BBC News The BBC's director general, George Entwistle, has defended his response to the controversial decisions made by the Newsnight programme. The BBC has apologised unreservedly for the broadcast of a report which led to the former Conservative party ... George Entwistle under fire: the full transcript of Today interview |
Thursday, November 8, 2012
Sally Field says acting with Daniel Day-Lewis was like she'd 'died and gone to ... - HitFix (blog)
sucujovide.wordpress.com
Sally Field says acting with Daniel Day-Lewis was like she'd 'died and gone to ... HitFix (blog) One of her sons, William, died after contracting typhoid fever (her second son to pass away). She lost many half-brothers fighting on the Confederate side of the war, feuded with Congress over the White House budget and suffered political gaffes from a ... |
The Jersey Journal - NJ.com | One Jersey City Ward F candidate says unity, not crime, is top issue The Jersey Journal - NJ.com Local nonprofit administrator Diane Coleman, anti-crime activist Debby Walker, and Ward F Councilwoman Michele Massey are duking it out with Ballon for the Ward F seat. Massey was appointed in December 2011 to replace former Ward F coun cilwoman ... |
Saturday, November 3, 2012
George Will to headline chamber dinner - Business First of Columbus:
ibitasony.wordpress.com
It will begin at 6:30 p.m. at the Louisvilld Mariott Downtown. The dinner, which is presentes by Greenebaum Doll McDonaldLaw Firm, is part of the Kentuckuy Chamber’s Economic Summit and Annualo Meeting. The event brings together the state’s top busines s leaders, educators and legislator for discussionsabout Kentucky’s economic challenges and opportunities. One of the highlighta of the summit will be apanekl discussion, “The Future of Kentucky’s An Outside-the-Box Conversation with Key Kentucky Leaders.
” The discussioh will be moderated by Steve Higdon, partnefr and executive vice president, Faulkner Real It will feature John Davix Dyche, counsel, ; Billy Harper, president, ; Alice president, ; Ann McBrayer, president, ; and Gary A. president, . There also will be a discussiom aboutgovernment modernization, led by Kentucky Chamber presidentf and CEO Dave Adkisson, and a session focusing on competingb in the global marketplace, led by Leslie M. Schweitzer, senior trad advisor and creator ofthe ’as Trade Roots Initiative. More information about the summif and annual dinner can be foundfat .
It will begin at 6:30 p.m. at the Louisvilld Mariott Downtown. The dinner, which is presentes by Greenebaum Doll McDonaldLaw Firm, is part of the Kentuckuy Chamber’s Economic Summit and Annualo Meeting. The event brings together the state’s top busines s leaders, educators and legislator for discussionsabout Kentucky’s economic challenges and opportunities. One of the highlighta of the summit will be apanekl discussion, “The Future of Kentucky’s An Outside-the-Box Conversation with Key Kentucky Leaders.
” The discussioh will be moderated by Steve Higdon, partnefr and executive vice president, Faulkner Real It will feature John Davix Dyche, counsel, ; Billy Harper, president, ; Alice president, ; Ann McBrayer, president, ; and Gary A. president, . There also will be a discussiom aboutgovernment modernization, led by Kentucky Chamber presidentf and CEO Dave Adkisson, and a session focusing on competingb in the global marketplace, led by Leslie M. Schweitzer, senior trad advisor and creator ofthe ’as Trade Roots Initiative. More information about the summif and annual dinner can be foundfat .
Thursday, November 1, 2012
Trico proxy battle ends after elections - Houston Business Journal:
hihozeima.blogspot.com
, the largest shareholder of Houston-based Tricio (NASDAQ: TRMA), had triec to nominate its own slate of directors and had demandexdother changes, saying that company management was not maximizing shareholder Both sides had showered shareholders with filings and statementzs in the final weeks beforse the vote. Based on preliminaryt voting after Wednesday’s meeting, among other items, shareholders voted to declassifyuthe board, reducing the terms of boar d members from three years to one Incumbent board member nominees Joseph Compofelice Trico chairman and chiedf executive officer — and Ben Guilk were both re-elected, according to a company statement.
The two Kistefosz nominees, Christen Sveaas and Age Korsvold, faile d in their bid to join the board. Two independent proxuy advisory firms had recommended that shareholderx go with theTricol slate, while a third firm had backes the Kistefos bid. “Regardless of today’s Kistefos remains a majotr stockholder of Trico and we intenx to continue to be responsive to the messages we hearr inthis contest,” Compofelice said. Though based on preliminary votinyg he did not gain a seat onthe board, Kistefos chief executive officer Korsvold said his efforts were hearde by shareholders.
“Regardless of the we believe Trico’s stockholders have sent a loud and clearmessage today. They are demandingg change. Had it not been for Trico’ws unusually high two-thirds minimum vote requirement, we woulr have taken a significant step in that direction Korsvold said.
, the largest shareholder of Houston-based Tricio (NASDAQ: TRMA), had triec to nominate its own slate of directors and had demandexdother changes, saying that company management was not maximizing shareholder Both sides had showered shareholders with filings and statementzs in the final weeks beforse the vote. Based on preliminaryt voting after Wednesday’s meeting, among other items, shareholders voted to declassifyuthe board, reducing the terms of boar d members from three years to one Incumbent board member nominees Joseph Compofelice Trico chairman and chiedf executive officer — and Ben Guilk were both re-elected, according to a company statement.
The two Kistefosz nominees, Christen Sveaas and Age Korsvold, faile d in their bid to join the board. Two independent proxuy advisory firms had recommended that shareholderx go with theTricol slate, while a third firm had backes the Kistefos bid. “Regardless of today’s Kistefos remains a majotr stockholder of Trico and we intenx to continue to be responsive to the messages we hearr inthis contest,” Compofelice said. Though based on preliminary votinyg he did not gain a seat onthe board, Kistefos chief executive officer Korsvold said his efforts were hearde by shareholders.
“Regardless of the we believe Trico’s stockholders have sent a loud and clearmessage today. They are demandingg change. Had it not been for Trico’ws unusually high two-thirds minimum vote requirement, we woulr have taken a significant step in that direction Korsvold said.
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