TPG-Axon Files Consent Solicitation for SandRidge (SD); Wants to Replace Entire Board

December 26, 2012 3:50 PM EST
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SandRidge (NYSE: SD) shares are just about flat Wednesday as hedge fund TPG-Axon filed a consent solicitation with the U.S. SEC today.

According to the PREC14A, TPG-Axon is looking to change the energy company's bylaws and replace its entire Board of Directors. In addition, TPG-Axon is proposing to change the Board every year, instead of the three-year terms currently enjoyed.

Nominees include TPG-Axon founder Dinakar Singh, Stephen C. Beasley, Edward W. Moneypenny, Fredric G. Reynolds, Peter H. Rothschild, Dinakar Singh, Alan J. Weber and Dan A. Westbrook.

For the full filing, click here.

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