Tells shareholders to vote “no” — Rightside investor
Investor continues to push for change at Rightside.
J. Carlo Cannell, whose clients at Cannell Capital LLC own regarding 7% of outstanding shares of Rightside (NASDAQ:NAME), is asking other shareholders to vote against the board at its annual meeting June 2.
Cannell sent a letter to the firm earlier this year, demanding that Rightside:
(i) Unify all Firm products under the eNom.com brand; (ii) Terminate no less than 20% of your weaker staff; (iii) Move the Name.com entity to Seattle under the eNom.com brand and close expensive ancillary offices; (iv) Rebuild and relaunch the front-end infrastructure at eNom.com to bring it to the current standard expected by consumers; (v) Refinance all debt; and (vi) Add two fresh board members with a suggestion, but not a requirement that two incumbents resign.
The only items right now on the agenda for voting at next month’s meeting is the reappointment of Dave Panos and Richard Spalding to the firm’s board.
Other major Rightside shareholders include Frank Schilling, Daniel Negari and Mike Ambrose.
Rightside owns eNom, Name.com, half of Namejet and 40 top level domain names.





