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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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November 24, 2014
13:02 EDTPFSWG2 Investment Partners reports 5.7% passive stake in PFSweb
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November 12, 2014
08:35 EDTPFSWPFSweb sees FY15 service fee equivalent revenue $165M-$175M
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08:34 EDTPFSWPFSweb backs FY14 service fee equivalent revenue guidance of $131M-$137M
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08:33 EDTPFSWPFSweb reports Q3 EPS (1c), consensus (9c)
Reports Q3 revenue $57.1M, consensus $54.64M.

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