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

Article Related Press Releases (1) Related Articles (2) Stock Quotes (1) Comments (0)

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.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Kyle Bass 13G Shows 9.7% Stake in Dex Media (DXM)
• Hess (HES), Elliott to End Proxy Contest; Three Elliott Nominees Will be Added
• Tiger Global Management Raises Stake in Carters, Inc. (CRI) to 6.75%

Create E-mail Alert Related Categories

Hedge Funds, Management Changes

Related Entities

TPG-Axon Capital, Hedge Funds

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?