Last week, on May Day no less, investors in Furniture Brands International (FBN), the furniture company whose brands include Thomasville and Broyhill, appear to have elected three directors proposed by activist investors, Sun Capital, which owns about 9.5% of FBN’s shares. Sun offered to buy the company, whose stock has declined sharply since 2002, back [...]

It’s been another one of those weeks here at footnoted, with so many filings that it’s been hard to pick and choose. So instead of just focusing on one or two, I thought I’d do a bit of “spring cleaning” and talk about some of the things that wound up in the footnoted net this [...]

Every now and then, I come across a disclosure that really makes me scratch my head, which is exactly what I did when I caught this amended 10-K filed by Point Blank Solutions (PBSO.PK) last week. Not familiar with Point Blank? They provide body armor to our troops in Iraq and Afghanistan. And judging by [...]

Over the weekend, you might have heard the news about a hedge fund’s interest in electing four directors to the New York Times (NYT). Firebrand Partners, headed by NYU Professor Scott Galloway sent the letter to Times Chairman Arthur Sulzberger yesterday and it was filed this morning. Here’s a snippet:
There is nothing wrong with [...]

Back when I was a local business reporter, avoiding Chamber of Commerce events was akin to trying to avoid the local loan shark: you could get away with it once, maybe twice. But sooner or later it would catch up with you. I thought about this recently after catching an interesting disclosure in the proxy [...]