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Posts Tagged ‘firefighters’

CSX board to meet, but agenda uncertain

Friday, July 25, 2008 : Permalink

Miami Herald- CSX is resuming its annual meeting in Jacksonville, but it is uncertain what will be on the agenda.

When the board met in June in New Orleans, it halted the meeting so it could continue counting votes for a slate of directors pushed by hedges fund. CSX rescheduled the meeting for Friday.

CSX said last week that preliminary results of the vote showed four of the five directors pushed by hedge funds had been elected.

But Chairman Michael Ward said the new directors cannot be seated until a court proxy battle wraps up. The hedge funds say the railroad company is stalling.

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CSX, hedge funds to present cases online

Friday, June 6, 2008 : Permalink

Bizjournals.com- CSX Corp. and the activist hedge funds engaged in a proxy contest with the railroad will make their cases to gain the recommendation of a company many institutional investors rely on when casting shareholder votes.

RiskMetrics Group, a proxy advisory company, will hold a special governance forum at 11 a.m. June 9 in anticipation of CSX’s annual meeting June 25 in New Orleans. The forum, to be webcast, will involve representatives of CSX (NYSE: CSX) and hedge funds The Children’s Investment Fund Management LLP and 3G Capital Partners Ltd.

The hedge funds have teamed to nominate five people to CSX’s 12-member board and make several shareholder proposals.

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