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Yahoo postpones AGM again

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Yahoo has postponed its annual shareholder meeting for a second time and announced the resignation of one of its board members.

In regulatory filings with the Securities and Exchange Commission (SEC) yesterday, Yahoo says its AGM will now be held "on a date closer to the end of July". The move is thought to be in response to moves by billionaire shareholder Carl Icahn to replace the board with alternative candidates. Earlier this year, the company rescheduled its shareholder meeting to 3 July after Microsoft made an unsolicited bid to buy it for $42-billion.
In an additional SEC filing, Yahoo also announced that board member Edward Kozel has resigned. Kozel had apparently planned to leave the board in February, but delayed his departure on news of Microsoft's bid.