The annual shareholders meeting at Fisher Communications today in Seattle began with the usual feel-good video telling shareholders “we believe in our people.” But the meeting is anything but routine, with competing slates seeking control of the board of directors.
Both current management and dissident FrontFour Capital presented pitches for their slates of four candidates. With one FrontFour representative already on the board, the dissidents would have to win all four seats to take control of the nine-member board.
Fisher CEO Colleen Brown reported a day earlier that Q1 revenues were up strongly as she insisted that the current course is paying off for shareholders. FrontFour has accused current management of underperforming and has pressed for Fisher to be put up for sale.
The voting results will not be released for several days.