December 7, 2016 / 4:10 PM / 8 months ago

BRIEF-Ancora Advisors Llc says sent a letter to Edgewater's board

Dec 7 (Reuters) - Ancora Advisors Llc :

* sent a letter to the board of directors of Edgewater on December 5, 2016

* request Edgewater's board immediately replace 4 existing directors with four Ancora director representatives

* says to Edgewater "believe at this point a proxy contest is a foregone conclusion"

* request Edgewater's board to immediately non-renew employment agreements of Shirley Singleton and David Clancey -SEC Filing

* says "encourage" Edgewater to look internally for a replacement for Edgewater's ceo Shirley

* not opposed to Shirley remaining on Edgewater's board if co's representatives,Tim Whelan,Stephen Bova represent majority of board of directos Source text - bit.ly/2gkstQk

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below