Activist investor toys with proposing his own board candidates.
Investor J. Carlo Cannell, whose investment firms own 8.7% of outstanding shares of Rightside (NASDAQ:NAME)stock, might push for his own slate of three directors for the company’s board at Rightside’s annual meeting in June.
In February, after Rightside sold eNom to Tucows, Cannell started Save NAME Group to try to create a shareholder coalition to effect change. He has been upset with the company (publicly) for over a year.
In Rightside’s proxy statement for its upcoming annual meeting, the company wrote: Click here to continue reading…