Activist pushes for new Bravo Brio board members
Bravo Brio Restaurant Group Inc.’s largest shareholder has taken a big step to get more involved in company operations with the nomination of three independent directors last week.
TAC Capital LLC, owner of 15 percent of Bravo Brio stock, on Friday nominated three people to the board and urged the Columbus, Ohio-based casual-dining operator to add them as directors immediately. The investment firm said that the company would benefit from the infusion of independent directors.
“As a shareholder, we believe the board would benefit from the addition of new independent directors, and we expect the director candidates will offer to