Dave Kanen of Kanen Wealth Management has written an open letter to the top officers of the Lazydays Board of Directors, chastising them for their “failure to represent minority shareholders.”
The letter specifically targets the chairman of the board, Christopher Shackelton, saying he is “putting his interests above those of minority shareholders by continuing to collect an 8 percent dividend so long as our stock is below $25 per share.”
In March, Lazydays’ board of directors unanimously rejected a non-binding, unsolicited offer from B. Riley to acquire the company for $25 per share.
Others mentioned in the letter include Erika Serow, a board member and chief marketing officer at Bain & Co.; Jordan Gnat, CEO of Playmaker Capital and owner of 19,218 Lazydays shares; and board member Jerry Comstock.
Click here to read the full letter, which was released on Global Newswire.