In an e-mail via Facebook, a reader asks: "Do you have any idea (with the May 4 shareholder vote coming up) how a 'movement' of Gannett employees could enlist a replacement director on the board?"The deadline has evidently passed, according to the new shareholders proxy report. The earliest deadline for nominating a director or place a proposal up for vote for the 2011 meeting is Nov. 17, if you want the company to help you solicit votes ("proxies"). The later deadline, Jan. 24, 2011, is for shareholders who do not want the company's assistance. Following are the proxy report's relevant passages, with information about how to gather names of interested shareholders:
How do I submit a shareholder proposal or nominate a director for election at the 2011 Annual Meeting?
To be eligible for inclusion in the proxy materials for the company’s 2011 annual meeting, a shareholder proposal or nomination must be submitted in writing to Gannett Co., 7950 Jones Branch Drive, McLean, Virginia 22107, Attn: Secretary, and must be received by Nov. 17, 2010. A shareholder who wishes to present a proposal or nomination at the company’s 2011 Annual Meeting, but who does not request that the company solicit proxies for the proposal or nomination, must submit the proposal to the company at the same address no earlier than Jan. 4, 2011 and no later than Jan. 24, 2011.
How can I obtain a shareholder list?
A list of shareholders entitled to vote at the 2010 annual meeting will be open to examination by any shareholder, for any purpose germane to the 2010 annual meeting, during normal business hours for a period of 10 days before the 2010 annual Meeting and during the 2010 annual meeting at the company’s offices at 7950 Jones Branch Drive, McLean, Virginia 22107.
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If Larry St. Cyr isn't available, Arron Barrett is.
ReplyDeleteIf you'll look back, seems the unions were the only ones showing up to oppose things at these meetings. I can only imagine how very frustrating it got for them so see all the wrongs, but to have no support and no voice. Gannett employees dropped the ball. Now they're griping only because it's hitting so many of then so personally.
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