Sellers Capital eyes more representation on Premier Exhibitions board

By Lisa Kerner

Charlotte, N.C., Aug. 15 - Premier Exhibitions, Inc. investors led by Sellers Capital Master Fund, Ltd. may nominate its own slate of directors for election to the company's board of directors if the investors' proposed financial and governance reforms are not adopted by Premier Exhibitions.

Sellers affiliates Mark Sellers and Mark Hugh Sam were appointed to Premier Exhibitions' board in July. The company agreed to have the appointees nominated for election at its 2008 annual meeting, according to a schedule 13D filed with the Securities and Exchange Commission.

The filing stated that Sellers and its affiliates also challenged the validity of the purported appointment of Harold Ingalls and Gregg Goodman to Premier Exhibitions' board, which the board later determined to be "administratively ineffectual."

Premier Exhibitions, located in Atlanta, develops tour exhibits worldwide and operates as the salvor-in-possession of the Titanic shipwreck.

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