InfoUSA Urges Shareholders to Vote for its Board Nominees
InfoUSA sent a letter to its shareholders yesterday urging them to vote for the incumbent board of directors as opposed to those nominated by minority shareholder Dolphin Limited Partnership, the company said.
InfoUSA's nominees are chairman/CEO Vinod Gupta; board nominating committee chair, Dr. George Haddix; and board audit committee chair, Dr. Vasant Raval.
A May 4th letter, which was signed by Mr. Gupta, said that the company has flourished under its current board leadership.
"We believe history demonstrates that the expertise and insight of the current infoUSA board is critical to the company's success," the letter said.
It also cited the growth of the InfoUSA, Omaha, NE, company through acquisitions and the potential for continued growth under the current board.
Meanwhile, Dolphin Limited Partnership I LP and Dolphin Financial Partners LLC, which together own 3.6 percent of infoUSA stock, have presented three of their own independent candidates for the board. Their independent nominees are Mick Aslin, former president, CEO and a director of Gold Banc Corp.; Karl Meyer, retired chairman of Ermis Maritime Holdings Ltd.; and Robert A. Trevisani, an attorney.
InfoUSA's annual shareholder meeting is May 26.