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April 19, 1989 | GREG JOHNSON, Times Staff Writer
A group that includes former Securities and Exchange Commission Chairman Roderick M. Hills, former U.S. Attorney General Elliot L. Richardson and San Diego Economic Development Corp. Chairman George W. Leiszhas begun a proxy fight aimed at unseating five of San Diego-based Oak Industries' eight board members. The dissident group will sponsor a board majority that would be "independent" of current Oak Chairman E. L. McNeely, according to a prepared release issued Tuesday by Hills.
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BUSINESS
June 15, 1989 | GREG JOHNSON, Times Staff Writer
Oak Industries director Roderick M. Hills on Wednesday wrested control of San Diego-based Oak from Chairman E. L. McNeely, after an official tally showed that Hills' slate won an overwhelming victory at the company's June 6 annual meeting. Hills' five-member slate won 77% of the 53.5 million votes cast during the emotionally charged annual meeting, while McNeely's slate drew just 23%, according to Oak General Counsel Jim Miller. In addition, three representatives of MIM Ltd., a British firm that owns 25% of Oak's shares, also were elected to the board by overwhelming margins.
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BUSINESS
June 3, 1989 | GREG JOHNSON, Times Staff Writer
Charges, countercharges and a possible court fight surfaced Friday in the increasingly bitter proxy fight that Washington-based merchant banker Roderick M. Hills is waging for control of Oak Industries. Oak Chairman E.L. McNeely Friday initiated the latest exchange by insisting in a press release that Hills, a former U.S. Securities & Exchange Commission chairman, has tried to mislead Oak shareholders about the financial health of the San Diego-based company. In a related action disclosed by Oak Friday, MIM Ltd., a British firm that is Oak's largest shareholder, has asked a Delaware judge to protect its right to vote for Hills' group of directors during Oak's annual meeting in San Diego Tuesday.
BUSINESS
June 3, 1989 | GREG JOHNSON, Times Staff Writer
Charges, countercharges and a possible court fight surfaced Friday in the increasingly bitter proxy fight that Washington-based merchant banker Roderick M. Hills is waging for control of Oak Industries. Oak Chairman E.L. McNeely Friday initiated the latest exchange by insisting in a press release that Hills, a former U.S. Securities & Exchange Commission chairman, has tried to mislead Oak shareholders about the financial health of the San Diego-based company. In a related action disclosed by Oak Friday, MIM Ltd., a British firm that is Oak's largest shareholder, has asked a Delaware judge to protect its right to vote for Hills' group of directors during Oak's annual meeting in San Diego Tuesday.
BUSINESS
May 31, 1989 | GREG JOHNSON, Times Staff Writer
Former Securities and Exchange Commission Chairman Roderick M. Hills, who is fighting for control of San Diego-based Oak Industries, on Tuesday gained the support of London-based MIM Ltd., Oak's largest shareholder with nearly 25% of its outstanding shares. Also on Tuesday, Oak Chairman E. L. McNeely issued a strident proxy solicitation letter that included an attack on Hills' business experience. McNeely's letter claimed that Hills wants to control Oak for his own personal gain.
BUSINESS
June 15, 1989 | GREG JOHNSON, Times Staff Writer
Oak Industries director Roderick M. Hills on Wednesday wrested control of San Diego-based Oak from Chairman E. L. McNeely, after an official tally showed that Hills' slate won an overwhelming victory at the company's June 6 annual meeting. Hills' five-member slate won 77% of the 53.5 million votes cast during the emotionally charged annual meeting, while McNeely's slate drew just 23%, according to Oak General Counsel Jim Miller. In addition, three representatives of MIM Ltd., a British firm that owns 25% of Oak's shares, also were elected to the board by overwhelming margins.
BUSINESS
June 3, 1989 | GREG JOHNSON, Times Staff Writer
Charges, countercharges and a possible court fight surfaced Friday in the increasingly bitter proxy fight that Washington-based merchant banker Roderick M. Hills is waging for control of Oak Industries. Oak Chairman E. L. McNeely on Friday initiated the latest exchange by insisting that Hills, a former U.S. Securities and Exchange Commission chairman, has tried to mislead Oak shareholders about the San Diego-based company's financial health. McNeely branded Hills' proxy solicitation campaign a "public relations effort . . . (that)
BUSINESS
June 3, 1989 | GREG JOHNSON, Times Staff Writer
Charges, countercharges and a possible court fight surfaced Friday in the increasingly bitter proxy fight that Washington-based merchant banker Roderick M. Hills is waging for control of Oak Industries. Oak Chairman E. L. McNeely on Friday initiated the latest exchange by insisting that Hills, a former U.S. Securities and Exchange Commission chairman, has tried to mislead Oak shareholders about the San Diego-based company's financial health. McNeely branded Hills' proxy solicitation campaign a "public relations effort . . . (that)
BUSINESS
May 31, 1989 | GREG JOHNSON, Times Staff Writer
Former Securities and Exchange Commission Chairman Roderick M. Hills, who is fighting for control of San Diego-based Oak Industries, on Tuesday gained the support of London-based MIM Ltd., Oak's largest shareholder with nearly 25% of its outstanding shares. Also on Tuesday, Oak Chairman E. L. McNeely issued a strident proxy solicitation letter that included an attack on Hills' business experience. McNeely's letter claimed that Hills wants to control Oak for his own personal gain.
BUSINESS
April 19, 1989 | GREG JOHNSON, Times Staff Writer
A group that includes former Securities and Exchange Commission Chairman Roderick M. Hills, former U.S. Attorney General Elliot L. Richardson and San Diego Economic Development Corp. Chairman George W. Leiszhas begun a proxy fight aimed at unseating five of San Diego-based Oak Industries' eight board members. The dissident group will sponsor a board majority that would be "independent" of current Oak Chairman E. L. McNeely, according to a prepared release issued Tuesday by Hills.
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