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Their Turn: Harbinger Submits Proxy For NYTCo Board Noms; ‘A Message It Can’t Ignore’

Last week, NYTCo (NYSE: NYT) filed a preliminary proxy with a statement urging shareholders to disregard Harbinger’s proposed board nominees. Now the activist investors have filed their rejoinder. In addition to spelling out the case for its four board nominees, the filing walks through the complete timeline of events, starting when the group first started innocently accumulating shares on December 21. The first official communication between the companies was on January 25th, the day it made an official announcements of its intent. It also notes that last Friday, the day after the company told shareholders to reject Harbinger’s nominees, some members of management held a meeting with certain of the nominees to discuss digital strategy. Other highlights:

The argument: “Harbinger NY believes that the future of The New York Times depends on the willingness of its management and board of directors to take bold action to adapt to the changing media landscape. We believe that this challenge requires fresh, independent leadership in the boardroom. Toward that end, we have nominated four highly motivated and talented individuals who we believe will bring to the Company

One Response to “Their Turn: Harbinger Submits Proxy For NYTCo Board Noms; ‘A Message It Can’t Ignore’”


    Please I know this may come to you by surprise, because you did not know me, I needed your assistance that was why I write you, it is my desire of going into business relationship with you.

    I am MOHAMED KONE and my sister MARIAM KONE the children of H.R.H CHIEF HASSAN AMED KONE of mende (blessed memory)the ex- king of mende tribe in Sierra-Leone. On the 19th May, 2002 our father was murdered by some rebel group on the accusation that he is a great sponsor and in support to restore the democratically elected President of Alahji Tejan Kabba. Almost half of the palace was burnt.

    Fortunately I was not in the place when they raided the palace my father married 2 wives with 10 children my mother , with 6 of my father's children where murdered in cold blood while my little sister escape the incident with bullet wounds on his right leg at the moment where the remaining families are I don't know. Right now I am left alone with only one sister after the sudden assassination of my father the family has been displaced and totally disorganized left with nothing.

    Early that year before the death of my father travelled to Abidjan where he told the family that he deposited 18.5 million USD in a Bank in Abidjan Cote d'ivoire,now we are looking for a God fearing person who will assist us in transfering the money into his account. So I decided to go and search for the documents where my father use to keep them in his room, I discovered the documents covering the deposit he made with the Bank and other documents for his business. As my town has been a serious war zone, I made arrangement and leave the country with my sister to abidjan Cote d'ivoire now.

    We have gone and conform the deposit with the Bank with all the documents, all the documents are with me here. Now I wish to transfer these funds abroad and enter into a business venture as the country (Cote d'ivoire) is no longer in peace since October 2002 the country has witness all sort of political unrest ranging from ethnic clash which resulted to killing of innocent citizens and strangers are living in fears as the country is no longer that peaceful nation as it was before due to this reason that I have decided to contact you, to assist me to transferred this money out of this country for the future of me and my younger sister.
    As soon as you show your sincererity and interesting we will talk about your percentage and how to invest the money on your advice,please I need your assistance.

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    Best regards.