WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 157.75

+0.4%

Nov 14 9:30 AM EST

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To: Art Bechhoefer who wrote (5247)	4/3/1999 10:41:00 PM
From: Craig Freeman	Read Replies (1) of 60323

Art, owning 10% would probably guarantee a 0% chance at a director's seat. Barring a shareholder referendum (which is almost impossible), the only people who get to be directors are those that the current directors decide to list as candidates on the next proxy statement. If someone started seriously accumulating shares without the BOD's "permission", you can be sure that their name would be intentionally omitted. Assuming that you have a bottomless wallet for legal fees, you could accumulate 14.29% of SNDK and try cumulative voting to force your election as a write-in candidate. But it's unwise to try and crash a private club without an invitation. Craig

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