Preferred Shareholders Nominate Gary Stone, Alan Miller To Spanish Broadcasting System Board
May 22, 2014 at 4:23 AM (PT)
Former UNIVISION RADIO COO GARY STONE and retired WEIL, GOTSHAL AND MANGES, LLP partner ALAN MILLER have been nominated to the board of directors of SPANISH BROADCASTING SYSTEM by a majority of SBS Series B Preferred Stock shareholders.
SBS was informed of the nominations, which that class of shareholder has the right to make for two seats on the board, in a letter from LEHMAN BROTHERS HOLDINGS INC., holder of 38.8% of the stock class. Elections will be held at SBS' annual stockholder meeting on JUNE 6th in MIAMI.