Gamco wants Hawk to redeem poison pill or let shareholders vote

By Lisa Kerner

Charlotte, N.C., May 29 - Gamco Asset Management Inc. is presenting a proposal at Hawk Corp.'s 2010 annual meeting requesting the board of directors redeem its poison pill agreement or submit the issue to a stockholder vote.

The shareholder presented the proposal for inclusion in Hawk's proxy and proxy statement, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

In March, the investors asked Hawk's board to consider increasing the poison pill threshold for ownership of outstanding shares above the 15% limit for shareholders that file schedules 13G/13D with the SEC.

Gamco and its affiliates beneficially own 1,207,570 shares, or 12.73%, of the Cleveland friction products manufacturer's common stock.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.