Shamrock Activist Value Fund Seeks Three Seats on the Texas Industries (TXI) Board of Directors

June 29, 2009 5:47 PM EDT

The Shamrock Activist Value Fund, L.P., which owns 8.9% of Texas Industries (NYSE: TXI) sent the below letter to Texas Industries, submitting notice to the company of its intent to nominate three candidates for election to its Board of Directors at Texas Industries' 2009 Annual Meeting of Shareholders:

Shamrock Activist Value Fund, L.P., the owner, together with its parallel investment vehicles, of approximately 8.9% of Texas Industries, Inc., hereby submits notice of its intent to nominate three candidates for election to the Board of Directors of Texas Industries, Inc. at the 2009 Annual Meeting of Shareholders. Our nominees are: Marjorie L. Bowen, a former Managing Director of Houlihan Lokey Howard & Zukin, where she also served as National Director of the firm's fairness opinion practice and was one of five members of the firm's Financial Advisory Services Committee, which is responsible for managing the firm's Financial Advisory Services practice; Dennis A. Johnson, CFA, a managing director of Shamrock Capital Advisors, Inc., the investment manager for SAVF, and a member of the Securities and Exchange Commission Investor Advisory Committee; and Gary L. Pechota, CEO of DT-Trak Consulting, Inc., a member of the Board of Directors of Insteel Industries, Inc. (Nasdaq: IIIN) and Black Hills Corporation (NYSE: BKH), and the former CEO of Giant Cement Holding, Inc. and former Chief of Staff of the National Indian Gaming Commission.

Click here to see the rest of the letter.

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