SANDUSKY — Cedar Fair LP has issued a revised proxy statement that dropped a shareholder ballot issue for a special stockholder meeting called by its largest investor.
The Sandusky firm filed the statement this week with the U.S. Securities and Exchange Commission, listing two proposals: whether unitholders may directly nominate individuals for the board and whether to change the firm's procedures to allow for the nominations. No recommendations were made on either.
The special meeting is May 24, called at the request of Q Investments, a pair of Texas hedge funds that owns 18.1 percent of Cedar Fair stock. Q Investments withdrew its proposal on the same issue but withdrew it after Cedar Fair offered its proposals.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.