FOODARAMA WANTS TO RESHAPE BOARD AGAIN

FREEHOLD, N.J. -- Foodarama Supermarkets here said it is looking to return to annual elections of all its board members, a move the company said it was taking as part of a tentative agreement that would settle a shareholder lawsuit.poration that would rescind last year's shareholder-approved switch to a system in which directors served staggered five-year terms, with one-fifth of the board coming

FREEHOLD, N.J. -- Foodarama Supermarkets here said it is looking to return to annual elections of all its board members, a move the company said it was taking as part of a tentative agreement that would settle a shareholder lawsuit.

poration that would rescind last year's shareholder-approved switch to a system in which directors served staggered five-year terms, with one-fifth of the board coming up for election each year. Currently, the Foodarama board has five directors.

Al

Register to view the full article

test - Advanced Registered User

Already a member? .