Tag Archives | Edwin R. Lozano

Committee to Rescue Reed’s: Proxy Vote

Committee to Rescue Reet's - Room for More Shareholders

Committee to Rescue Reed’s Declares Victory

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? Use the comment box below.

The Committee to Rescue Reed’s Announces That It Has Completed Its Near-Term Objectives at Reed’s and Is Therefore Withdrawing Its Board Nominees and Proxy Contest

Gratified That its Involvement Led to a Reconstituted Board with Four New Independent Directors

Rescue Reed’s Members State Their Intention to Vote Against Chairman & CEO Chris Reed for Failing to Work in Good Faith with the Committee to Appoint Shareholder Nominees to the Board

Rescue Members Intend to Remain Vigilant in Monitoring the Performance of the Company, its CEO and New Directors Continue Reading →

Continue Reading ·

Committee to Rescue Reeds files 13D

Schedule 13D Filed by the Committee to Rescue Reed's

Schedule 13D Filed by the Committee to Rescue Reed’s

On October 11, 2016, the Committee to Rescue Reeds issued a statement concerning the breakdown in its recent good-faith efforts to work with the Issuer’s Chairman of the Board and CEO, Chris Reed, to reach a mutually agreeable director slate and avoid a proxy contest at the 2016 Annual Meeting. In its statement, the Committee noted that it remains hopeful that an expanded, mutually agreeable slate of nominees will ultimately be agreed upon by the parties, but that as of October 6, 2016, the independently mediated process the Committee and Mr. Reed had previously agreed to was obstructed by Mr. Reed’s failure to provide the names and contact information of the Board’s recommended nominees. Continue Reading →

Continue Reading ·

Rescue Reed’s Discussions Stall

Committee to Rescue Reet's - Room for More Shareholders

Committee to Rescue Reed’s – Room for More Shareholders

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 No Choice But to Proceed with Next Steps for Seeking the Election of its Five Highly Qualified Director Candidates at Reed’s 2016 Annual Meeting

Remains Open to Working with Mr. Reed to Arrive at a Unified Director Slate as Proxy Deadlines Loom Continue Reading →

Continue Reading ·

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

Risks at Reed'sBelieves 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 Message to Chairman and CEO Chris Reed That the Value-Destroying Status Quo is Unacceptable


Continue Reading →

Continue Reading ·

Concerned Shareholders of Reeds, Inc. Formed

Concerned Shareholders of Reeds: Ready to Join?

Concerned Shareholders of Reeds: Ready to Join? (video from 2013, before current campaign)

Concerned Shareholders of Reeds: Formed

The Concerned Shareholders of Reeds, Inc., led by Edwin R. Lozano, today announced formation of a committee to rescue Reeds, Inc. The committee delivered an open letter to Reeds Founder/CEO/Chairman and the Reeds Board of Directors expressing significant concerns with the company’s poor financial performance, problematic corporate Governance practices and weak oversight. The Concerned Shareholders of Reeds believe immediate and meaningful change is required to ensure Reeds is being run in a manner consistent with the best interests of all shareholders. Although leaving open the possibility of negotiating with the Board, having been initially rebuffed, the letter indicates the Concerned Shareholders of Reeds, Inc. intends to commence a proxy contest by nominating a slate of highly qualified director candidates for the 2016 Annual Meeting. 

Concerned Shareholders of Reeds: Breadsticks Anyone?

Continue Reading →

Continue Reading ·

Powered by WordPress. Designed by WooThemes