Hawk investor Gamco wants company to rescind poison pill

By Lisa Kerner

Charlotte, N.C., March 16 - Gamco Asset Management Inc. said it will propose at Hawk Corp.'s annual meeting that the company's board of directors either redeem the preferred share purchase rights issued under the Jan. 4, 2008 rights agreement or submit the issue to a shareholder vote.

The investor made its request in a March 16 letter to Hawk's board and included in a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

Gamco owns 9.87% of the Cleveland friction products manufacturer's outstanding stock.

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