| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for GenCorp Inc. > News item |
GenCorp amends agreement, maintains Steel Partners board observer rights
By Lisa Kerner
Charlotte, N.C., Feb. 20 - GenCorp, Inc. shareholders led by Steel Partners II, LP entered into an amended and restated shareholder agreement allowing Steel Partners II to continue to exercise its board observer rights through Feb. 16, 2008.
The agreement also requires Steel Partners II to vote in favor of the election of the slate of nominees to GenCorp's board of directors selected by a majority of the directors, including the 2007 annual meeting, according to a schedule 13D filing with the Securities and Exchange Commission.
Steel Partners II owns 4,489,002 shares, or 8.0%, of the Sacramento, Calif.-based company, which manufacturer of aerospace and defense products.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.