Fisher Shareholder Group To Withhold Director Vote
April 7, 2008 at 5:53 AM (PT)
A key investor group has said in an SEC filing that it will withhold its vote on FISHER COMMUNUICATIONS' director nominees at its annual shareholder meeting APRIL 30th.
MARIO GABELLI's GAMCO INVESTMENTS adds that it may propose its own slate of nominees and has previously said that it will vote against FISHER's proposed 2008 equity incentive plan for executives, a plan also opposed by investor TOWERVIEW LLC as excessive. GAMCO, which had attempted to put a proposal to require a majority shareholder vote before the company buys anything over $25 million on the proxy statement but was turned down by the company, owns a 17.91% interest in FISHER and TOWERVIEW owns 9.2% of the company.