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07.14.2009 1:43 pm

CPI directors are re-elected with at least 59% of the votes

St. Louis Post-Dispatch

The disputed board election at CPI Corp. wasn’t very close in the end. The photo-studio company, based in downtown St. Louis, released preliminary vote totals today, and they show incumbent directors Michael Koeneke and Turner White receiving 60.2 percent and 59.5…

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07.08.2009 10:18 am

CPI declares victory; Ramius may challenge voting

St. Louis Post-Dispatch

The CPI Corp. proxy contest ended today at the company’s annual meeting, but representatives of dissident shareholder Ramius indicated that the scrapping may not be over.

CPI Chairman David Meyer announced during the meeting that the company’s slate of 6 directors had…

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06.30.2009 2:35 pm

Advisory firms weigh in on CPI proxy fight

St. Louis Post-Dispatch

If you’re keeping score, it’s CPI Corp. 2, Ramius 1. That’s how many shareholder advisory firms have recommended each side’s slate in the bitter proxy battle being waged over two board seats.

RiskMetrics Group took the side of Ramius, the investment firm…

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06.23.2009 2:45 pm

Ramius takes the gloves off in new letter

St. Louis Post-Dispatch

Ramius LLC, the hedge fund that’s trying to unseat two CPI Corp. directors, has not hidden its dislike for the way Knightspoint Partners, another investment group, dominates CPI’s six-member board. In a letter sent to shareholders today, it makes the criticisms…

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06.22.2009 11:46 am

15% shareholder backs CPI management

St. Louis Post-Dispatch

Century Management, which owns 15.5 percent of St. Louis’ CPI Corp., has chosen sides in the fight over board seats. It will vote for all 6 management nominees, which means it will vote against 23 percent shareholder Ramius LLC. Century is…

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06.17.2009 4:28 pm

Ramius finally says which CPI director it opposes

St. Louis Post-Dispatch

Three weeks after announcing that it wants to oust two CPI Corp. directors, investor Ramius LLC has finally named the second target of that effort. It’s Turner White, who is identified in CPI’s proxy materials as owner of White &…

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06.11.2009 5:56 pm

CPI contest can be avoided, Ramius says

St. Louis Post-Dispatch

Ramius LLC, the investment firm fighting for two board seats at CPI Corp., issued an open letter to CPI shareholders today. It says that the election contest “could have been and still can be avoided,” if only Knightspoint Partners will agree…

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06.08.2009 3:43 pm

Charges and countercharges mark CPI board fight

St. Louis Post-Dispatch

As in any good game of hardball, the parties squabbling over board seats at CPI Corp. have different team colors. Shareholders can vote for the management-backed slate on a white proxy card, or for dissident shareholder Ramius LLC’s nominees on…

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05.27.2009 11:55 pm

Ramius: We’re not trying to sell CPI

St. Louis Post-Dispatch

CPI Corp.’s shareholder meeting isn’t until July 8, and already the charges and counter-charges are flying between two rival camps. Today’s volley comes from Ramius LLC, in a letter addressed to CPI Chairman David Meyer.  The letter, filed with the SEC, denies…

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05.26.2009 4:41 pm

CPI shareholder criticizes chairman’s pay

St. Louis Post-Dispatch

Ramius Capital, the major shareholder that’s trying to win two seats on CPI Corp.’s board, has filed a preliminary version of its proxy-solicitation materials. In them, Ramius makes clear the extent of its split with Knightspoint Partners, another investor in the…

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