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Business
Schulman Faces Proxy Fight
October 17, 2005
| A version of this story appeared in
Volume 83, Issue 42
Investment firm Barington Capital has begun a proxy contest by nominating three people for election to the board of directors of A. Schulman, an Akron, Ohio-based polymer compounder. The nominees are Phillip D. Ashkettle, who has been CEO of both M. A. Hanna and Reichhold Chemicals; Thomas C. Bohrer, former chief operating officer of International Specialty Products; and Barington CEO James A. Mitarotonda. Barington notes that over the past 10 years, the price of Schulman's stock has fallen approximately 37% while the Standard & Poor's 500 index has increased more than 112%.
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