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First Proxy Access Nominee Rejected on 'Control Intent' Grounds

By Randi Morrison posted 11-25-2016 01:01 PM

  

As reported in Stinson Leonard Street Partner and Society member Steve Quinlivan's new post, the first proxy access nominee - submitted to National Fuel Gas by activist investor GAMCO Asset Management - which we reported on here and here, was rejected based on the board's determination that the investor possesses a control intent, which is inconsistent with the company's proxy access bylaws and the underlying Schedule 13G/13D requirements. See the company's Form 8-K here, and numerous additional resources on our Proxy Access topical page.

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