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Stock Market & Financial Investment News

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May 15, 2014
13:01 EDTLOVSpark Networks holder Osmium calls for change, backs director nominees
Osmium Partners, Spark Networks' largest shareholder, beneficially owning 14.2% of shares outstanding and having been a shareholder since 2008, said in an open letter to shareholders that it is "highly concerned about our investment – and the investments of all shareholders – under the current Board's leadership." Osmium said that if its four nominated directors are elected, the firm "will carefully examine and pursue all sensible strategic reinvestment opportunities."
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December 15, 2014
16:52 EDTLOVSpark Networks names Michael Egan as CEO effective January 2, 2015
On December 15, Spark Networks announced that the company’s Board of Directors will appoint Michael S. Egan as CEO, effective January 2, 2015. In conjunction with Egan’s appointment, Michael J. McConnell will step down from his position as Interim Executive Chairman on January 2, 2015, but will retain his role as Chairman of the Board. Egan is joining the company from Internet Brands, where he served in a number of capacities since 2008. He has most recently served as Senior Vice President and Group General Manager of the Home, Careers, Money and Health Divisions.

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