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Proxy Contest To Replace Board at Obagi

Voce Capital Management wants to replace 6 members.

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By: TOM BRANNA

Editor

Voce Capital Management LLC has announced intention to replace six members of the Obagi board of directors with independent nominees and demands that the company hold the annual meeting by Feb. 28, 2013. In a letter sent today to Obagi, Voce criticized the board for continued mismanagement of the company, its refusal to address Voce’s demands for corporate governance reform and its unbending hostility toward all acquisition interest. Directly addressing Obagi’s board members, Voce stat...

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