Yahoo Director Kotick to Exit
Reuters reports Yahoo Inc director Robert Kotick’s resignation will take effect after the company’s annual meeting this week, where he will stand for reelection, to comply with a settlement with investor Carl Icahn.
In a filing with U.S. securities regulators on Monday, Yahoo outlined more details of its agreement to appoint Icahn and two of his nominees to its board to avert a proxy fight. Kotick, chief executive of Activision Blizzard, had said earlier this month he would not run on the Yahoo slate.
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