Investors: Preliminary figures show proxy fight to unseat Denny’s board members fails
By APWednesday, May 19, 2010
Denny’s investors say proxy effort failed
CHICAGO — Investors fighting to unseat three Denny’s Corp. board members say their slate of candidates likely wasn’t elected by shareholders.
The group calling itself the Committee to Enhance Denny’s says its preliminary figures show it failed to oust three people from the board. They’d targeted CEO Nelson Marchioli (mar-SHE’-oh-lee), Chairwoman Debra Smithart-Oglesby and former Chairman and current board member Robert Marks.
The committee disclosed the information in filing with the Securities and Exchange Commission.
Messages left with representatives from the group as well as with a Denny’s spokesman weren’t immediately returned Wednesday afternoon.
Denny’s is based in Spartanburg, S.C.
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