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Stock Market & Financial Investment News

News Breaks
January 14, 2013
09:54 EDTPFSWMarxe and Greenhouse issue letter to PFSweb, want change in board, chairman
AWM believes PFSweb failed to fulfill its fiduciary duty to shareholders when considering a potential acquisition and determining cash compensation and other expenditures. In a letter to the company's board, the company's largest shareholders stated they now question the commitment of the management and board, citing a prospective thrid-party acquisition that was not considered by the board and "unreasonably high cash compensation paid to senior management" as reasoning for requesting board turnover and for "new blood and fresh perspectives". Further, the holders requested that an independent chairman be appointed as soon as possible.
News For PFSW From The Last 14 Days
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January 23, 2015
16:07 EDTPFSWPFSweb files $75M mixed securities shelf
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