D&D had rejected the activist shareholder’s original notice on technical grounds
said Tuesday it had accepted a revised notice by activist shareholder Engine Capital LP to nominate an alternative slate at its Dec. 17 annual meeting,
Engine, which owns 7.1 per cent of D&D stock, originally sought to replace three of D&D’s seven directors with its own nominees at a special meeting, which was postponed because of a separate court challenge by another dissatisfied D&D shareholder, ex-chairman Tyler Proud, brother of CEO Matt Proud., proposing to replace nearly the entire board with a six-person slate at D&D’s annual meeting and rebuild the management team.
The remaining company nominees are incumbent Ted Prittie, chair Colleen Moorehead and Matt Proud. Ms. Moorehead was elected last year at the behest of dissatisfied shareholders. Mr. Prittie was Tyler Proud’s nominee in past elections, but he
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