Big 5 Sporting Goods (BGFV) – Stadium Capital Battle Has Some Resolution

Big 5 Sporting Goods (BGFV) – Stadium Capital Battle Has Some Resolution by Stock Pucker

The two have finally settled. Big 5 Sporting Goods Corporation has revised its slate of director nominees for election to the Company’s Board, supporting Stadium’s Dominic P. DeMarco, Nicholas Donatiello, Jr., and David R. Jessick.

Stadium has owned over 10% of Big 5 and went active recently after the company tried to put in voting practice that would allow the company to make decisions without including Stadium’s board representative.

As part of the agreement with Stadium, the Company agreed to support the precatory stockholder proposal submitted by Stadium with respect to the declassification of the Company’s Board and to submit and support precatory proposals at the 2015 Annual Meeting regarding the implementation of a majority voting standard in uncontested director elections and the elimination of provisions in the Company’s certificate of incorporation and bylaws which require supermajority approval of certain actions.

Alluvial Fund August 2020 Performance Update

Alluvial FundAlluvial Fund performance update for the month ended August 31, 2020. Q2 2020 hedge fund letters, conferences and more Dear Partners and Colleagues, Alluvial Fund, LP returned 4.8% in August, compared to 7.2% for the S&P 500 and 5.6% for the Russell 2000. Year-to-date, Alluvial has returned 6.6% versus 9.7% for the S&P 500 and Read More