TPG-Axon Sends Letter to Sandridge (SD) Holders to Vote for Green Card
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TPG-Axon Notes Proxy Firm's Recommendation to Replace SandRidge (SD) Board
February 21, 2013 10:46 AM ESTTPG-Axon, beneficial owner of seven percent of the outstanding shares of SandRidge Energy, Inc. (NYSE: SD) (the Company), today announced that Glass, Lewis & Co. (Glass Lewis), a leading independent proxy voting and corporate governance advisory firm, has recommended SandRidge stockholders vote the GREEN consent card in support of TPG-Axons proposals.
Specifically, Glass Lewis recommends SandRidges bylaws be amended to destagger the Board, that six incumbent directors be removed, including SandRidge Chief Executive Officer Tom Ward, and that independent director nominees Stephen C. Beasley, Edward W. Moneypenny, Dinakar Singh, Alan J. Weber, Dan... More
SandRidge (SD) Board Receives Support from Egan-Jones
February 19, 2013 9:15 AM ESTSandRidge Energy (NYSE: SD) announced that one of the nation's leading independent proxy advisory firms, Egan-Jones Proxy Services ("Egan-Jones"), recommends that SandRidge stockholders support the Company's current Board in connection with TPG-Axon's consent solicitation. Egan-Jones supplies proxy voting advisory services to institutions and other professional investors.
The Company stated, "We are pleased with Egan-Jones' recommendation. Our highly qualified and independent board has taken decisive steps over the last few years to transition SandRidge to an oil focused producer... More
