MMI To Nominates 4 To Brink’s (BCO) Board
MMI Investments, an 8.4% holder of Brink’s Company (NYSE: BCO), announced its four director nominees for election at the 2008 Annual Meeting.
Clay Lifflander, Portfolio Manager of MMI, said, "We are not seeking control of the board. We simply believe that the board as currently composed has demonstrated that it lacks the security industry perspective, strategic alternatives acumen and stockholder representation necessary to protect and maximize the value of Brink’s stockholders’ investment."
MMI’s nominees are:
John S. Dyson: Chairman of MCM Capital Management, LLC (the general partner of MMI Investments, L.P.) and Chairman of Millbrook Capital Management Inc.
Peter A. Michel: Mr. Michel is a recognized leader in the security services industry, and was formerly CEO of Brink’s residential security monitoring subsidiary, Brink's Home Security (BHS).
Robert J. Strang: Mr. Strang currently serves as the CEO of Investigative Management Group serving major financial institutions, Fortune 500 companies, large law firms and high net-worth individuals and families.
Carroll R. Wetzel, Jr.: Mr. Wetzel currently serves as a member of the board of directors of Exide Technologies (NASDAQ: XIDE), a manufacturer of batteries used in transportation, motive power, network power, and military applications.
Clay Lifflander, Portfolio Manager of MMI, said, "We are not seeking control of the board. We simply believe that the board as currently composed has demonstrated that it lacks the security industry perspective, strategic alternatives acumen and stockholder representation necessary to protect and maximize the value of Brink’s stockholders’ investment."
MMI’s nominees are:
John S. Dyson: Chairman of MCM Capital Management, LLC (the general partner of MMI Investments, L.P.) and Chairman of Millbrook Capital Management Inc.
Peter A. Michel: Mr. Michel is a recognized leader in the security services industry, and was formerly CEO of Brink’s residential security monitoring subsidiary, Brink's Home Security (BHS).
Robert J. Strang: Mr. Strang currently serves as the CEO of Investigative Management Group serving major financial institutions, Fortune 500 companies, large law firms and high net-worth individuals and families.
Carroll R. Wetzel, Jr.: Mr. Wetzel currently serves as a member of the board of directors of Exide Technologies (NASDAQ: XIDE), a manufacturer of batteries used in transportation, motive power, network power, and military applications.
Labels: BCO, Brink’s, Clay Lifflander, MMI Investments
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