If you can't beat 'em, make 'em join you.
Advanced Marketing Services has appointed Robert E. Robotti, affiliated with or head of several companies and people that own 7% of AMS, to the board of directors, the board's governance and nominating committee and its compensation committee. In connection with the appointment, Robotti and his allies have agreed to end a proxy battle that would have occurred at the AMS annual meeting January 24.
Complaining about a lack of information from the board, Robotti had wanted to nominate three board members to ensure shareholder representation, according to a September San Diego Union-Tribune story.
AMS also named president and CEO Gary M. Rautenstrauch to the board.
AMS has a range of distribution, wholesaling and publishing services operations and owns PGW, among other companies.
Advanced Marketing Services has appointed Robert E. Robotti, affiliated with or head of several companies and people that own 7% of AMS, to the board of directors, the board's governance and nominating committee and its compensation committee. In connection with the appointment, Robotti and his allies have agreed to end a proxy battle that would have occurred at the AMS annual meeting January 24.
Complaining about a lack of information from the board, Robotti had wanted to nominate three board members to ensure shareholder representation, according to a September San Diego Union-Tribune story.
AMS also named president and CEO Gary M. Rautenstrauch to the board.
AMS has a range of distribution, wholesaling and publishing services operations and owns PGW, among other companies.