CBS Secures Annual Shareholders Meeting Date


The Board of Directors of CBS Corporation has determined that the company’s 2019 Annual Meeting of Stockholders will be held on May 29.

Want to present any business or proposal?

Well, if you’re a stockholder you have an opportunity to do so, so long as advance written notice is given to CBS.

This wouldn’t be included in the proxy statement but would be directly offered at the annual meeting. And, it includes the nominations of individuals for election to the CBS Board of Directors.

The deadline for any stockholder proposal is coming soon: it is the close of business on February 28.

Could this proposal involve anything regarding interim CEO Joe Ianniello’s future at CBS, or that regarding persistent rumors and the insistence of Wall Street analyst Michael Nathanson that a reunification with Viacom is inevitable?

Perhaps, although such proposals may not get approved by CBS.

Notice of any such stockholder proposal or director nomination must be received at CBS Corporation, 51 West 52nd Street, New York, N.Y. 10019.

They should be sent to the attention of Jonathan H. Anschell, Secretary.

In mid-morning trading on Wall Street Thursday, CBS shares were down 37 cents to $49.41. It’s been a struggle of late for CBS to cross the $50 threshold for its stock; after a dip to $43.36 on December 17, CBS has been $50 or higher on January 28 and 29 only.

CBS shares go ex-Dividend on March 8. Its 1-year target estimate is $63.64.