1. Activist Ancora Threatens Another Proxy Fight at Shutterfly

    Activist Ancora Threatens Another Proxy Fight at Shutterfly

    Activist investor Ancora Advisors on Tuesday ramped up pressure on Shutterfly Inc, saying in a letter that the digital imaging company has failed to quickly address concerns that shareholders voiced earlier this year, and threatened another proxy fight. Ancora's escalation of pressure on Shutterfly comes after another activist investor, Marathon Partners, won two board seats in a proxy battle ...

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    1. If the board is unwilling to implement meaningful changes to its current corporate strategy, capital allocation plans, and compensation policies, then we believe another active proxy season is inevitable come 2016.
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