Imation investor demands ouster of CEO



By David Phelps, Star Tribune

“A group of dissident shareholders of the data storage company Imation have demanded the ouster of CEO Mark Lucas and the sale of certain assets to bolster shareholder value.

New Orleans-based Spear Point Capital Partners, which owns more than 2 percent of Imation’s stock, is also contacting other shareholders for their support to “make serious changes to the company’s strategy” and “demand results rather than words.”

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