Yahoo postpones shareholder meeting again, director resigns
Yahoo Inc. is postponing its shareholder meeting for a second time, now that billionaire investor Carl Icahn has nominated alternate candidates to Yahoo’s existing board of directors.
Sunnyvale, Calif.-based Yahoo put off the meeting once to buy time to consider an unsolicited buyout offer from Microsoft Corp.
Yahoo disclosed in a Securities and Exchange Commission filing on Thursday that its July 3 meeting would be delayed. The company expects to set a date that is closer to the end of July.
In a second filing, Yahoo said Edward Kozel, a board member, is resigning. Kozel had planned to step down in February, but stayed on after Microsoft made its offer in January.