Intevac issues open letter to stockholders Intevac issued an open letter to Intevac stockholders regarding its 2014 Annual Meeting of Stockholders to be held on Wednesday, May 14. An activist hedge fund, Voce Catalyst Partners LP, which is affiliated with Voce Capital LLC and Voce Capital Management LLC, has disclosed an ownership of about half of a percent of Intevacís outstanding common stock. Voce Capital is trying to oust three experienced and integral members of Intevacís Board and replace them with Voce Capital nominees. The company says "We believe that the nominees proposed by Voce Capital offer nothing that is not already present on Intevacís Board. In fact, we believe that Voce Capitalís nominees would undermine the effectiveness of the Board."
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