First Proxy Access Contest Ends with Nominee Withdrawal
After National Fuel Gas declared GAMCO’s proxy access nomination to be invalid, which we previously discussed here, GAMCO filed amendment no. 10 to its Schedule 13D, announcing that its proxy access nominee has informed the investor that he has decided to withdraw his name as a candidate. The 13D then stated that “GAMCO will not pursue proxy access.”
The company’s deadline for proxy access aligned with its deadline to make director nominations under its advance notice bylaws, with both ending on November 10, 2016.
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