Take Back Cobb EMC Seeks Signatures to Oust Incumbents and Elect New Directors
Posted on Mar 21, 2011 in Corporate Governance, Derivative Suits, Legislative & Politics | Comments Off on Take Back Cobb EMC Seeks Signatures to Oust Incumbents and Elect New Directors
A group of Cobb EMC members called Take Back Cobb EMC seek to conduct a special meeting and board election in response to the present board’s decision to re-hire former CEO Dwight Brown as an independent consultant to Cobb EMC. Brown was recently indicted on multiple counts of theft and racketeering. Members kicked-off a petition drive over the weekend to collect signatures from fellow members to conduct a special meeting and board election on May 21, 2011. If the petition garners signatures from 10 percent of the 193,000 EMC members, or roughly 20,000 signatures, then members can vote at a special meeting to oust incumbents and elect new directors. Click here for the full story.
