Shareholder Group to Propose Changes at Bally
advertisement
Interact With Us
Best of 2011
Top Stories of 2011
The most popular stories of 2011. Did your favorites make our list?
Resource Center
Buyers Guide
Find industry businesses by product or service categories, view company profiles and more.
Club Industry Trade Show
Club Industry Show and Conference, held each October, is the premier event for fitness and wellness professionals. Find out more about Exhibitors, Events, and Education.
Industry Events & Trade Shows
The industry-wide calendar features listings for educational events, trade shows and more.
Classifieds
View classified ads for health club equipment and services, plus business opportunities and job postings.
Current Issue
Read stories from the latest print issue of Club Industry magazine.
Club info and News
Read news about some of the biggest names in the industry.
- 24 Hour Fitness
- Anytime Fitness
- Bally Total Fitness
- Crunch Fitness
- Club One
- Curves
- Equinox
- Gold's Gym
- Health Fitness Corp.
- LA Fitness
- Life Time Fitness
- Lifestyle Family Fitness
- Planet Fitness
- Plus One Management
- Powerhouse Gyms
- Snap Fitness
- Spectrum Athletic Clubs
- Sport & Health
- Town Sports International
- Sports Club Co.
- Urban Active
- Wellbridge
- Western Athletic Clubs
- World Gym
E-Newsletter Signup
Breaking news on the industry, people on the move, mergers and acquisitions and much more. Delivered weekly.
LOS ANGELES — Investment Funds Liberation Investments L.P. and Liberation Investments Ltd. have notified Bally Total Fitness Holding Corp. of their intention to submit certain governance proposals for approval at Bally's July 29 annual meeting of stockholders.
The Liberation Funds, which owns less than 6 percent of Bally's outstanding shares, said the proposal relates to several topics.
First, the fund is recommending separating the offices of chief executive officer and chairman of the board, both currently filled by Paul Toback.
Other initiatives proposed include removal of the company's stockholder rights plan, declassification of the company's board of directors and the adoption of a mandatory retirement age for directors of 75 years old.
The Liberation Funds said they intend to file a proxy statement and other relevant documents with the SEC in support of the proposals.
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus