Investor continues to push for change at Rightside.
J. Carlo Cannell, whose clients at Cannell Capital LLC own about 7% of outstanding shares of Rightside (NASDAQ:NAME), is asking other shareholders to vote against the board at its annual meeting June 2.
Cannell sent a letter to the company earlier this year, demanding that Rightside:
(i) Unify all Company products under the eNom.com brand; (ii) Terminate no less than 20% of your weaker staff; (iii) Move the Name.com entity to Seattle under the eNom.com brand and close expensive ancillary offices; (iv) Rebuild and relaunch the front-end infrastructure at eNom.com to bring it to the current standard expected by consumers; (v) Refinance all debt; and (vi) Add two new board members with a suggestion, but not a requirement that two incumbents resign.
The only items currently on the agenda for voting at next month’s meeting is the reappointment of Dave Panos and Richard Spalding to the company’s board.
Other major Rightside shareholders include Frank Schilling, Daniel Negari and Mike Ambrose.
Rightside owns eNom, Name.com, half of Namejet and 40 top level domain names.