Rovi: Engaged Capital Gets 2nd Nod Of The Week
Glenn Welling's Engaged Capital is waging a proxy battle at Rovi. Earlier this week ISS supported 2 of its 3 nominees. Today Glass Lewis said that it's also backing 2 of Engaged's nominees. Glass Lewis notes that the board has failed, mainly driven by strategic missteps.
A little on what Engaged is trying to do, it's looking to help restructure the company, but mostly get the company focused on increasing its opportunities for licensing its 5,000 or so patents
The annual meeting is May 13.