Tag Archives | Chris Reed

Reeds, Inc independent board?

Reeds, Inc Wants Democratic-Free Zone

Reeds, Inc fights to deepen its a democratic-free zone through dilutions to strengthen the grip of insiders and by opposing proxy access. They are headed for private control, while keeping the company public. Last year, the founder picked a new board. Is it really independent? Reed’s, Inc (REED) develops, manufactures, markets, and sells natural non-alcoholic […]

Continue Reading ·
Reeds Inc

Reed’s Inc: Proxy Score 55

Reed’s Inc. (REED), develops, manufactures, markets and sells fantastic natural non-alcoholic carbonated soft drinks and other confectionaries, such as Reed’s Ginger Brews; Virgil’s Root Beer, Cream Sodas, Dr. Better and Real Cola, including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed’s Ginger candy and ice creams, and Sonoma Sparkler and other juice based products. Their […]

Continue Reading ·
Committee to Rescue Reed's - Room for More Shareholders

Committee to Rescue Reed’s: Proxy Vote

The Committee to Rescue Reed’s declares victory and states how members intend to vote their proxies. With the annual meeting now set for November 29, I will post a more detailed analysis of the proxy by tomorrow. I have already received a number of inquiries from those asking how I will vote. Advice to me? […]

Continue Reading ·
James McRitchie of the Committee to Rescue Reed's

Rescue Reed’s Discussions Stall

Severely Disappointed that CEO Chris Reed Has Stalled the Process Aimed at Reaching a Mutually Agreeable Slate of Board Candidates The Committee Has Tried to Work Constructively and in Good-Faith with Mr. Reed for Many Weeks to Reach a Compromise Board and Avoid a Proxy Contest, but to No Avail The Committee Is Left with […]

Continue Reading ·
Risks at Reeds

The Committee to Rescue Reed’s Nominates Five Highly Qualified Director Candidates for Election at Reed’s 2016 Annual Meeting

Believes That Immediate and Meaningful Change Is Required to Ensure Reed’s Is Being Run in a Manner Consistent with the Best Interests of All Shareholders States That the 2016 Annual Meeting Represents a Critical Opportunity for Shareholders to Elect Independent, Highly Qualified Directors Believes That Now is the Moment for Shareholders to Send a Clear […]

Continue Reading ·
Reeds Inc 6 mos

Reeds Inc: Proposals Due Monday – Update

Update 7/12/2016: Reeds Inc received two faxed proposals from two shareholders before the deadline for submissions. It looks like shareholders will get to vote on both proxy access and creating an independent chairman. Maybe shareholders can help to turn our company around. Institutional investors only hold about 14% of Reeds Inc and insiders hold 26%, […]

Continue Reading ·

Gordon Gekko and Governing Small-Caps: Greed Works

Few who have seen it can forget the iconic scene from the movie Wall Street when Michael Douglas’s character Gordon Gekko stands up, microphone in hand, at Teldar Paper’s shareholder meeting and says: “The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works.” Cinematic […]

Continue Reading ·
Reeds

Reeds: Proxy Access Still Needed

Last Year’s Proxy Access Proposal Last year I introduced a proxy access proposal at Reeds (REED) calling on the Board to allow 1% shareowners holding for two years to place their director  nominees (up to 24% of the board) on the proxy. It also would have allowed a party of 25 or more $2,000 one year […]

Continue Reading ·

Powered by WordPress. Designed by WooThemes