GAMCO’s Proxy Voting Committee’s Preliminary Reflections on Upcoming 2020 Proxy Season
Cincinnati Bell Inc.
CIRCOR International, Inc.
E.W. Scripps Company(NASDAQ: SSP) – GAMCO intends to abstain from voting for the Class A directors up for election at SSP’s 2020 annual meeting. Class A directors make up approximately one-third of the board with the remaining directors elected by the Signatories to the Scripps Family Agreement.
National Fuel Gas Company(NYSE: NFG) – GAMCO intends to withhold votes from certain long-tenured directors while supporting recent additions to the board.
Superior Industries International, Inc.
This press release does not constitute a solicitation of a proxy or a vote.
CBS Corporation CBS) and (NASDAQ: VIA) – GAMCO’s PVC reviewed the Viacom Inc. October 25, 2019, joint consent solicitation statement/prospectus relating to the proposed combination of CBS Corporationand Viacom Inc.
- The PVC is generally supportive of the economic underpinnings of the merger. However, the PVC wanted to highlight an omission of the merger agreement that is contrary to what we hold as best practices in corporate governance.
The PVC believes that
National Amusements, Inc.(“NAI”) should stipulate that it will deploy a tag-along take-along right to voting shareholders for any sale of NAI’s controlling interest in ViacomCBS.
Chairman Proxy Voting Committee
Director of Proxy Voting Services
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