InfoUSA Names Lead Director; Deal Restricts Gupta From Acquiring More Securities

Share this content:

Bill L. Fairfield has been appointed to the newly established position of lead independent director of infoUSA Inc., Omaha, NE.

Mr. Fairfield is responsible for coordinating activities of independent directors. He serves on the infoUSA board of directors audit committee, compensations committee and the nominating and corporate governance committee.

In addition, infoUSA has entered into an agreement with president/CEO Vinod Gupta in which he will not directly or indirectly try to acquire additional securities of the company. The deal lasts until July 21, 2007. But it would cease to apply if the company announces entry into an agreement with a third party that contemplates a merger, consolidation or sale of substantially all of the company's assets, or an agreement that contemplates a change in control of the company.

Mr. Gupta was re-elected to the board of directors in late May. Institutional Shareholder Services, a corporate governance advocate, failed to place its own nominees on the infoUSA board.

Vin Gupta & Co. LLC, a company controlled by Mr. Gupta, owns 38 percent of infoUSA's shares.

InfoUSA did not return calls in time for press time.


Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above