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    1. Delaware Court of Chancery Holds that a Stockholder’s Disagreement with a Board’s Business Judgment and Intent to Pursue a Proxy Contest is Not a “Proper Purpose” for a Section 220 Demand

      Delaware Court of Chancery Holds that a Stockholder’s Disagreement with a Board’s Business Judgment and Intent to Pursue a Proxy Contest is Not a “Proper Purpose” for a Section 220 Demand

      In High River Limited Partnership v. Occidental Petroleum Corp., C.A. No. 2019-0403-JRS, 2019 WL 6040285 (Del. Ch. Nov. 14, 2019) (Slights, V.C.), the Delaware Court of Chancery held that a stockholder’s mere disagreement with a business decision of a board of directors and intent to pursue a bone fide proxy contest is not a “proper purpose” to support a demand to inspect the corporation’s books and records ...

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    2. Cubic Announces Appointment of Two New Board Members

      Cubic Announces Appointment of Two New Board Members

      Cubic Corporation (NYSE:CUB) today announced the appointment of Denise L. Devine and Carolyn Flowers to its board of directors, effective November 21, 2019. Devine is the founder and chief executive officer of FNB Holdings, LLC and co-founder, chief administrative officer and chief financial officer of RTM Vital Signs, LLC. She will serve on Cubic’s Audit and Compliance Committee and Technology Strategy Committee...

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    3. Safra Catz Will Remain Oracle's Sole CEO While the Company Grooms a New Exec to Replace the Late Mark Hurd as Co-CEO

      Safra Catz Will Remain Oracle's Sole CEO While the Company Grooms a New Exec to Replace the Late Mark Hurd as Co-CEO
      • Oracle is considering naming a president who could be groomed to replace Mark Hurd, the tech giant's co-CEO who died last month, according to a Bloomberg report.
      • Oracle had said it plans to maintain its dual CEO structure, but the company is now planning to name a president first to give that executive time to grow into the role, the report said.
      • Hurd died last month after taking a leave for medical reasons, leaving Safra Catz as Oracle's sole CEO...
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      Mentions: Oracle
    4. Immunic, Inc. Expands Board of Directors with Appointment of Biotechnology Executive Barclay A. Phillips

      Immunic, Inc. Expands Board of Directors with Appointment of Biotechnology Executive Barclay A. Phillips

      Immunic, Inc. (IMUX), a clinical-stage biopharmaceutical company focused on developing best-in-class, oral therapies for the treatment of chronic inflammatory and autoimmune diseases, today announced the appointment of Barclay "Buck" A. Phillips, an established life sciences executive, investor and entrepreneur, to its Board of Directors, effective November 14, 2019...

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    5. Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

      Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

      Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing "even more difficult and expensive to practice." The SEC earlier this month put forward new rules that would require proxy adviser firms to give companies a chance to review proxy materials before they are sent to shareholders...

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    6. Grocery Outlet Holding Corp. Announces the Appointment of Two New Members to Board of Directors

      Grocery Outlet Holding Corp. Announces the Appointment of Two New Members to Board of Directors

      MERYVILLE, Calif., Nov. 18, 2019 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”), today announced that it has expanded the Company’s Board of Directors to 11 with the appointments of John E. (“Jeb”) Bachman and Mary Kay Haben...

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    7. Sysco Announces Election of New Director

      Sysco Announces Election of New Director

      Sysco Corporation (NYSE:SYY) announced that Stephanie Lundquist was elected to the company’s board of directors today at its Annual Meeting of Stockholders, expanding the size of the board to 13 members. The election of Ms. Lundquist represents the board’s ongoing commitment to ensuring its members possess the skills, experience and qualifications necessary to successfully establish and oversee management’s execution of the company’s strategic priorit...

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