By: Jennifer Saba The New York Times Co. released its slate of nominees for its upcoming annual meeting on April 22 and to no surprise, the company directed shareholders not to vote for Harbinger Capital Partners' choice of Class A directors.
In a proxy statement filed with the Securities and Exchange Commission Sulzberger wrote to shareholders: "Our Board of Directors unanimously recommends a vote for the election of each of our Board's nominees on the enclosed WHITE proxy card and urges you not to sign or return any proxy card that you may receive from Harbinger."
The company's Class A nominees are the following: Robert Denham, William Kennard, Thomas Middelhoff, and Doreen Toben.
The Class B nominees are Raul Cesan, Daniel Cohen, Lynn Dolnick, Michael Golden, Dawn Lepore, David Liddle, Ellen Marram, Janet Robinson, and Sulzberger.
Denham and Lepore are two new additions to be voted on for seats replacing Brenda Barnes and James Kilts.
Also disclosed in the proxy:
The board voted in February that each nominee must agree to resign at the request of the board if in an uncontested election he or she fails to receive a majority of votes.
In 2007 Sulzberger and Robinson collected a salary of $1.08 million and $1 million, respectively.
Steven Ainsley, the publisher of The Boston Globe and former head of the company's Regional Media Group, received a relocation package of $143,980.
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