This Thursday the internet search company Yahoo nominated nine of its existing 10 directors for re-election to the company’s board, setting the stage for a showdown with shareholders at its annual shareholders meeting. The annual meeting has now been pushed back to the end of July.
The company, who have been embroiled in a battle with Microsoft in recent weeks, also disclosed in a regulatory filing that share holders other than billionaire investor Carl Icahn plan to nominate candidates to its board.
Other than Icahn, two other shareholders have informed the company that they plan to nominate themselves to the board, and another shareholder has notified Yahoo of plans to nominate an alternate slate of nine directors, not including himself, according to the filing.
Yahoo has stated that it does not believe electing Icahn’s board nominees was in the best interests of stockholders, claiming that these shareholders did not comply with the company’s bylaws.
Recently amassing 10 million shares of the company with options to buy another 49 million, Icahn launched a proxy campaign last week to replace Yahoos board of directors with those who would re-open talks with Microsoft.
Microsoft walked away from its $47.5 billion offer for Yahoo earlier this month.
In a separate filing, Yahoo noted that Edward Kozel, one of its ten directors, had resigned from the board, and Yahoo reduced the size of the board to nine members.
According to the filing, Kozel, in a letter to Yahoo, said he had intended to leave the board in February to spend more time with his family, but stayed on after Microsoft made an unsolicited proposal to buy the company.
The new record date for filing of stockholder proposals is close of business on June 3, Yahoo said.


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