Glass Lewis recommends Aetrium holders reject Eberwein Group's bid Aetrium (ATRM) announced that Glass Lewis & Co. recommends Aetrium shareholders reject the attempt of a dissident group of shareholders headed by Jeffrey Eberwein to seize control of the company by voting against removal of the current Aetrium Board of Directors on the white proxy card. Glass Lewis further advises that shareholders also withhold on all of the Eberwein group's nominees. In its November 16 report, Glass Lewis praised the current Aetrium Board for its willingness to "invite new members and new ideas" to the Board room, and criticized the dissident Eberwein group for "overreaching" in their attempt to take control of Aetrium. Glass Lewis highlighted the potential risk to Aetrium shareholders should the Eberwein group nominees be elected, acknowledging: "... we agree with the board that the Dissidents' lack of a stated strategic plan and inexperience in the industry would risk creating uncertainty at Aetrium that could lead to instability."
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