Originally Posted by
PSU Flyer
According to our pocket session, ”He’s indicated an interest in getting a couple of seats on the board.” Maybe that’s accurate and maybe it isn’t, but I don’t think we can assume his plan is just for one seat.
Multiple board seats would indicate a larger than 10% stake, and approaching levels of control over the board. 11 members of the board currently. It will be interesting to see if he replaces certain board members or if they increase the size of the board to accommodate additional seats for him.