LITTLE ROCK – A Silicon Valley hedge fund that failed twice last year to take over Acxiom Corp. now seeks to wrest control of the Arkansas company by electing three new directors to its nine-member board, according to information from a securities filing issued late Monday.
Acxiom Company Leader Charles Morgan confirmed in a federal Securities and Exchange Commission filing that the company had received a letter from San Francisco-based ValueAct Capital indicating its intention to nominate the three directors for election at Acxiom’s 2006 annual shareholders meeting in May.
The three nominees – ValueAct managing partner Jeffrey W. Ubben, Louis J. Andreozzi and J. Michael Lawrie – are the same trio that ValueAct sought to install as Acxiom’s new management team in December, after the company’s board rejected a $2 billion hostile takeover bid.
Morgan and two independent directors are up for election this spring, Ann Die Hasselmo, the current managing director for Washington, D.C.-based Academic Search Consultation Service, and former U.S. Postmaster General William J. Henderson, chief operations officer of Netflix Inc.
