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Shareholder to vote against Fisher Communications' 'excessive' equity incentive plan
By Lisa Kerner
Charlotte, N.C., March 28 - Fisher Communications, Inc. investors led by TowerView LLC called the company's proposed equity incentive plan "excessive and egregious."
The shareholders, with a 9.2% ownership interest, intend to vote against the plan, which covers more than 12% of Fisher Communications' outstanding common stock, according to a schedule 13D filing with the Securities and Exchange Commission.
TowerView feels that the plan shows a disregard for shareholder value, the filing stated.
The investors may enter into discussions with other stockholders about the equity incentive plan and other issues of concern.
Seattle-based Fisher Communications owns television and radio stations.
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