Media & Entertainment - Hires and Fires
| CKX COO to leave |  | November 03, 2009 2:29 PM ET By Deepa Patadia
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CKX Inc. said Mitchell Slater will leave as the company's COO on Feb. 7, 2010, the expiration date of his employment agreement, to pursue outside business interests. According to a Form 8-K filed Nov. 3, Slater also informed the company that he will not stand for re-election to the company's board at the 2009 annual stockholders meeting. Following the annual stockholders meeting, CKX's board of directors will reduce the size of the board to 10 from 11. However, the nominating and corporate governance committee of the board is conducting interviews with potential candidates to serve as members of the board, according to the filing. To the extent that the board determines to add one or more new directors, the size of the board may be increased subsequent to the upcoming annual meeting to accommodate the addition of such new directors. |