Monday, March 24, 2008

Shamrock Wants Coinstar (CSTR) To Declassify Board, Adopt Majority Vote Rule, Cancel Poison Pill

In an amended 13D filing on Coinstar, Inc. (Nasdaq: CSTR), Shamrock Activist Value Fund, a 13.4% holder, disclosed that during a meeting with the Nominating and Governance Committee held on March, 20th 2008, they have requested that the Company promptly consider adopting the following good governance practices: declassifying its staggered Board; adopting majority voting standard for director elections; canceling its poison pill and increasing stock ownership requirements for its Directors.

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