Engaged Capital Gets A Win At Rovi
Engaged Capital got two nominees elected to the Rovi board today. Engaged was had three nominees up for the board in total. Rovi's latest bashing of Engaged candidates didn't work. Raghavendra Rau and Glenn Welling were elected. As noted previously - 5 of the previous 7 directors had been on the board since 2008.
“We thank Rovi shareholders for their support and look forward to working constructively with our fellow board members in leading Rovi through a critical point in the Company’s development. Our nominees will contribute fresh, independent, shareholder perspective to the boardroom, and bring extensive experience in developing and implementing strategies that increase shareholder value.”