Big O Tires: Investor Kenneth W. Pavia...
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Big O Tires: Investor Kenneth W. Pavia has protested the way the company plans to include his proposal in its upcoming proxy statement. As previously reported, Big O, based in Englewood, Colo., agreed last month to include a proposal from Pavia recommending that the board hire an investment banker to explore all alternatives to enhance the value of the company.
Pavia, who owns 9.6% of Big O’s stock through Balboa Investment Group, said that Big O informed him it would treat abstentions and other non-votes as votes against the proposal. Pavia wants non-votes ignored in tabulating the results. Big O officials could not be reached Monday for comment.
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