Voce Capital Demands Changes at CONMED Corporation

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Anonymous said:
2014 starts off with the same dead weight in Senior Management. Voce Capital where are you?? What's next? Meanwhile they continue to fire good people and still pay people like Bill A. big money/incentives for what? They have another kook Frank W. who has held 20 different positions in 30 years with Conmed and now in his current position is just a major nuisance that everyone has to put up with. These are just examples of the BS that continues! Enough already!!
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Exactly. Name one manager in any division at any time that has ever made quota and deserved any bonus whatsoever, not to mention a paycheck. I dare you.
 
Mr. Plants continued: “Given the Company’s lack of attention to our concerns, and the aforementioned developments, we’ve decided to notify the Company that we intend to seek changes to ConMed’s Board at the 2014 annual meeting. Accordingly, today we are announcing our plan to nominate four highly distinguished independent ConMed (CNMD

Link to complete story: https://eresearch.fidelity.com/eres...W5699&provider=BIZWIRE_&product=USPR____&sb=1
 
We question the wisdom of these choices,” referring to the new board members named, J. Daniel Plants, managing partner of Voce, said in a Feb. 27 letter to the ConMed board.

Voce had earlier suggested different board appointees and said the nominees named in the Coppersmith agreement “cast significant doubt, in our view, as to whether this was the result of a genuine assessment of the quality and fitness of the Board’s designees or simply an effort by the Board to depict itself as responsive to shareholder concerns while attempting to insulate itself from the possible election of our nominees.”
 
Anonymous said:
We question the wisdom of these choices,” referring to the new board members named, J. Daniel Plants, managing partner of Voce, said in a Feb. 27 letter to the ConMed board.

Voce had earlier suggested different board appointees and said the nominees named in the Coppersmith agreement “cast significant doubt, in our view, as to whether this was the result of a genuine assessment of the quality and fitness of the Board’s designees or simply an effort by the Board to depict itself as responsive to shareholder concerns while attempting to insulate itself from the possible election of our nominees.”
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Did anyone read the full letter from VOCE YIKES!!! Do you think anyone even bothered to do a full background check on the new board members. This is a P R disaster! I wonder what all the H R heads are thinking and how they are going to spin this to all the female employees?
 
Anonymous said:
Did anyone read the full letter from VOCE YIKES!!! Do you think anyone even bothered to do a full background check on the new board members. This is a P R disaster! I wonder what all the H R heads are thinking and how they are going to spin this to all the female employees?
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I have read the new VOCE letter several times now. I am convinced the present Conmed board had to have known about the background of the two new board members. Shame on you GUYS! You do not deserve your positions of leadership representing all Conmed employees.
You should all resign!
 
Anonymous said:
I have read the new VOCE letter several times now. I am convinced the present Conmed board had to have known about the background of the two new board members. Shame on you GUYS! You do not deserve your positions of leadership representing all Conmed employees.
You should all resign!
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Correction. Most of them should be in jail and would be if the SEC was awake.
 
Yes, Steve Mandia, Conmed Board Member, President of Sicilian Olive Oil Import Company. Lives in Utica, NY. Rational for Board Membership with Med/Device company?????????????
 
Anonymous said:
That can't be true
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Oh yes it is. Copied from the company website:

STEPHEN M. MANDIA

Stephen M. Mandia has served as a Director of the Company since July 2002. Mr. Mandia is the President of Mandia International Trading Corp. He has served as Chairman of the Board of Directors of Sovena USA, formerly East Coast Olive Oil Corp., and now a subsidiary of Sovena Group since January 1, 2010 and currently serves as the Chairman of the Board of Eva Gourmet. He previously served as Chief Executive Officer of Sovena USA from 1991 to December 31, 2009. Mr. Mandia holds a B.S. Degree from Bentley College, located in Waltham, Massachusetts, having also undertaken undergraduate studies at Richmond College in London.
 
Anonymous said:
Still on
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Yep. Promises to be one hell of a good time in Utica. From the company website:


CONMED Corporation Sets Annual Meeting Date


UTICA, NY -- (Marketwired) -- 02/28/14 -- CONMED Corporation (NASDAQ: CNMD) announced today that its Annual Meeting of Shareholders will be held at the Company's corporate offices, 525 French Road, Utica, NY 13502 on Thursday, May 22, 2014 at 3:30 P.M. Eastern Time. Shareholders of record at the close of business on April 3, 2014 shall be entitled to vote at the 2014 Annual Meeting
 
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