ATLANTA, May 1 (Reuters) – Private equity firm Sun Capital said on Thursday its three nominees were elected to the board of Furniture Brands International Inc (FBN.N: Quote, Profile, Research) by a substantial margin, based on an estimate by its proxy solicitor at the close of the polls.
“The election of Sun Capital’s nominees is a victory for all Furniture Brands shareholders,” Sun Capital Vice President Jason Bernzweig said in a statement. “Today’s results demonstrate shareholders’ desire for constructive change at Furniture Brands, and we are gratified by their support for our nominees.”
Furniture Brands, maker of Broyhill and Thomasville furniture, had urged a vote against the Sun Capital nominees.
Dan Stone, vice president of strategy and business development at Furniture Brands, declined to comment on the voting, and said final results would be released after the vote verification process was completed. The annual meeting was held on Thursday in St. Louis. Read the rest of this entry »
