For more independent board at Rightside — Cannell pushes

Investor wants other Rightside shareholders to vote “no” again this year.

Investor J. Carlo Cannell, whose clients collectively own regarding 8.5% of Rightside (NASDAQ:NAME), is continuing to push for changes to the firm’s board.

On Friday, Cannell filed with the SEC and stated Rightside’s board is exhibiting “value-destroying behavior” and needs “truly independent and rigorous representation.”

To that end, he’s asking shareholders to vote against Rightside’s slate of three board members at the upcoming annual meeting.

He made the same request last year but it didn’t go anywhere.

He also stated he’s going to release “presentations that highlight severe errors of judgment by principals and affiliates of Oak Investment Partners, a representative of which right now serves on the Board of Rightside. Cannell is preparing to release these presentations to Rightside shareholders by and by.”

Cannell has identified ten board candidates that he wants Rightside to interview.

I reached out to Cannell’s firm on Friday via phone and email to ask for more details regarding what he doesn’t like regarding the firm’s current strategy. I have not received a response yet.

He has previously voiced his displeasure over the firm’s focus on fresh top level domain names. He later stated he approved of the firm’s sale of eNom but not the price.