Glass Lewis & Company Recommends Keweenaw Board Nominees at the 2013 Annual Meeting of Shareholders
May 08 2013 - 8:00AM
Business Wire
Glass Lewis & Company, LLC (GL&C), a leading
independent, governance analysis and proxy voting firm, recommends
a vote "FOR" Keweenaw Land
Association, Limited (KEWL: OTC Pink) Board nominees, Mr. John E.
Earhart and Ms. Marjorie E. Nesbitt, at the 2013 Annual Meeting of
Shareholders on May 20, 2013.
In their report dated May 6, 2013, Glass Lewis & Company,
LLC concluded, “We remain concerned the Dissident (Mr. Ronald
Gutstein) has no meaningful experience in the Company's industry,
limited governance expertise and no clear background related to
major strategic transactions…. Mr. Gutstein's primary arguments and
plans have remained essentially unaltered for the last half decade,
a span covering four outright rejections of his candidacy and
strategies by shareholders. In the absence of clear evidence to the
contrary, we believe shareholders have clearly and consistently
voiced their opposition to the Dissident.”
In response to the Glass Lewis report, Keweenaw Land Association
Board Chairman, David Ayer, expressed his satisfaction stating,
“Glass Lewis got it right. Since 2008, shareholders have
unequivocally rejected Mr. Gutstein and his vague proposals to
unlock the value of the company. We remain extremely appreciative
of our shareholders who truly understand the real value of Keweenaw
and continue to support the goals of our organization. The Board
remains committed to managing our timber, land, and mineral assets
for the long-term benefit of its shareholders.”
Keweenaw Land Association shareholders are urged to vote the
GREEN proxy card. Shareholder
questions or requests for additional information should be directed
to Charles W. Garske, Okapi Partners LLC toll-free at (877)
566-1922.
Additional information is available on the Company’s website at
www.keweenaw.com.
About Keweenaw Land Association, Limited: Keweenaw is a forest
products and land management company located in Ironwood, Michigan.
Keweenaw has land holdings of approximately 162,000 surface acres
and over 400,000 acres of mineral rights, located predominantly in
the western Upper Peninsula of Michigan. Keweenaw shares trade in
the OTC Markets under the Pink directory with 1,294,118 shares
outstanding.
Keweenaw Land Association (PK) (USOTC:KEWL)
Historical Stock Chart
From Nov 2024 to Dec 2024
Keweenaw Land Association (PK) (USOTC:KEWL)
Historical Stock Chart
From Dec 2023 to Dec 2024
