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McClatchy Company (MNI) Board Approves Reverse Stock Split, Expanded Buyback Authorization

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McClatchy Holds 2016 Annual Meeting Of Shareholders

May 18, 2016 4:52 PM EDT

SACRAMENTO, Calif., May 18, 2016 /PRNewswire/ -- The McClatchy Company (NYSE: MNI) shareholders today elected 10 directors to one-year terms, ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for 2016, and approved the adoption of an Amended and Restated Certification of Incorporation allowing for a reverse stock split of the company's outstanding Class A and B Common Stock. 

Shareholders elected Fred Ruiz, who served as a Class B director for 22 years, as a new Class A director and also re-elected Elizabeth Ballantine and Clyde W.... More