ALTA, Wyo., May 16, 2016 /PRNewswire/ -- Clients advised by Cannell Capital LLC ("Cannell") own more than 7% of shares outstanding of Rightside Group, Ltd. (NASDAQ: NAME).
Cannell announces today that it intends to vote "no" on the Board's recommendations at the annual meeting of NAME shareholders scheduled for June 2nd, 2016 and to withhold votes from all incumbent directors of NAME. Cannell urges all shareholders to vote to withhold.
Cannell has been investing in small capitalization stocks for over 24 years. The majority of Cannell's investments are friendly. Easier money is made investing in companies whose officers and directors do not need to be told what to do. As such, Cannell enjoys a warm and constructive relationship with the incumbent board of directors of most of its holdings, some of whom have subsequently become Limited Partners of funds managed by Cannell.
When the behavior of an incumbent board is egregious, however, Cannell feels compelled to act for shareholders, which action may manifest itself in a "Vote No" campaign. Recently, Cannell ran "Vote No" campaigns at Envivio, Inc. and Telecommunication Systems, Inc. ("TSYS").
The Envivio and TSYS campaigns were successful and resulted in emphatic support by many shareholders not affiliated with Cannell. As a result of Cannell's "Vote No" campaigns, both Envivio and TSYS enjoyed outcomes that created great wealth for ALL shareholders.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cannell-capital-urges-name-shareholders-to-vote-no-at-annual-meeting-300269399.html
SOURCE Cannell Capital LLC