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Stock Market & Financial Investment News

News Breaks
April 3, 2014
13:38 EDTSXT, BCPCFrontFour expresses concerns over Sensient director Wedral
FrontFour Capital Group earlier today commented on Balchem Corporation's (BCPC) recent announcement to acquire Performance Chemicals & Ingredients, a privately held supplier of customized food and beverage ingredient systems, and a direct competitor of Sensient Technologies (SXT). Specifically, FrontFour noted that newly appointed lead independent director of Sensient, Dr. Elaine Wedral, who currently serves on the board of directors of Balchem, has an inherent conflict of interest in serving on the boards of two direct competitors. FrontFour believes Wedral's continued service on the board may be a violation of Section 8 of The Clayton Antitrust Act of 1914, as amended, as well as the company's Code of Conduct. FrontFour notes that under the company's by-laws, a shareholder is not permitted to nominate a person for election to the board without having such person affirm in writing that he or she is not an employee, director or affiliate of any competitor of the company and will comply with applicable law and the company's Code of Conduct, among other things. FrontFour questions whether the board's silence with respect to Wedral indicates that the board is willing to set different criteria for shareholder nominations of directors than those followed by the board.
News For SXT;BCPC From The Last 14 Days
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December 8, 2014
12:23 EDTSXTSensient management to meet with Sidoti
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