Embattled Yahoo is reported to be postponing its shareholder meeting from July 3 to the end of the month, according to documents filed with the Securities and Exchange Commission.
It is clear that Carl Icahn’s proposed board slate, the alternative deal proposed by Microsoft, and the recent resignation of board member Ed Kozel all contribute to the SEC filing. Otherwise, what reason can there be since this is the second time already that Yahoo has postponed the meeting.
Kozel was supposed to resign last February to ‘focus on his family’ but opted to stay for awhile after Microsoft’s first buyout offer. His resignation reduces Yahoo’s board to nine members.
