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Stock Market & Financial Investment News

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August 20, 2014
12:20 EDTCIDMRonald Chez sends letter to Cinedigm over insider ownership
Ronald Chez disclosed a letter sent to Cinedigm CEO Chris McGurk, which stated in part, "I was concerned to see that certain key officers and members of the Board of Directors have yet to make a serious personal financial commitment to own equity in Cinedigm apart from holding stock options...I believe the board policy should define ownership levels based on management positions ranging from 50% to 300% of base compensation for company officers, and three to five times annual director total compensation for outside directors. These levels should be achieved within a reasonable time frame." Chez owns 7.9% of Cinedigm's outstanding shares.
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