Post by Logan on Dec 14, 2016 2:18:17 GMT -6
Cabela’s annual shareholders meeting lasts less than 10 minutes, offers no information on what the future holds for Sidney
SIDNEY, Neb. — Cabela’s annual shareholders meeting was strictly business Tuesday, and executives did not provide any information about what the future holds for the company’s longtime home of Sidney.
It was the first time management had addressed shareholders in person since Missouri-based Bass Pro Shops announced in October it would buy the Nebraska-grown outdoors retailer for $5.5 billion.
Management did not take any questions from shareholders as they have at past meetings. Chief Executive Tommy Millner said shareholders approved the current board of directors slate by proxy, as well as an executive compensation package in an advisory vote.
The meeting adjourned in less than 10 minutes. Company Chairman Jim Cabela and Mike McCarthy, an investment banker with Omaha’s McCarthy Capital who serves on the board of directors, attended the meeting. About 20 shareholders also were there.
Read more: www.kearneyhub.com/news/state/cabela-s-annual-shareholders-meeting-lasts-less-than-minutes-offers/article_8fcb54c6-c18a-11e6-9771-5f999c807f66.html
SIDNEY, Neb. — Cabela’s annual shareholders meeting was strictly business Tuesday, and executives did not provide any information about what the future holds for the company’s longtime home of Sidney.
It was the first time management had addressed shareholders in person since Missouri-based Bass Pro Shops announced in October it would buy the Nebraska-grown outdoors retailer for $5.5 billion.
Management did not take any questions from shareholders as they have at past meetings. Chief Executive Tommy Millner said shareholders approved the current board of directors slate by proxy, as well as an executive compensation package in an advisory vote.
The meeting adjourned in less than 10 minutes. Company Chairman Jim Cabela and Mike McCarthy, an investment banker with Omaha’s McCarthy Capital who serves on the board of directors, attended the meeting. About 20 shareholders also were there.
Read more: www.kearneyhub.com/news/state/cabela-s-annual-shareholders-meeting-lasts-less-than-minutes-offers/article_8fcb54c6-c18a-11e6-9771-5f999c807f66.html