Yahoo has nominated 9 of the 10 current board members for re-election this July. But the shareholders meeting has been postponed. Originally scheduled for July 3, the meeting is now expected to occur in late July.
Who the delay ultimately ends up helping remains to be seen. On the one hand, the delay could help Carl Icahn in his proxy board fight. Or the time could help the current board negotiate a deal with Microsoft or an ad deal with Google.
In order for that to happen, Jerry Yang will need to cooperate. Kara Swisher is reporting that Yang is no longer going it alone in negotiations. Roy Bostock, Yahoo's Chairman, is assuring shareholders that "others" including independent directors to make sure the renewed talks with Microsoft go a little better.
But at least one current board member is trading in the drama for a more peaceful life. Edward Kozel is retiring from the board to spend more time with his family. He will not be replaced. Yahoo is only nominating the remaining 9 members.
This Year's Premier Digital Marketing Event is #CZLSF
ClickZ Live San Francisco (Aug 11-14) will bring together the industry's leading online marketing practitioners to deliver 4 days of educational sessions and training workshops. From Data-Driven Marketing to Social, Mobile, Display, Search and Email, the comprehensive agenda will help you maximize your marketing efforts and ROI. Register today!