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Minneapolis-based Regis Corp. (NYSE:RGS) operates beauty salons and hair restoration A has between CPI Chairman David Meyerand CPI’s largesg shareholder, , a New York investment group, Meyer’ s investment firm, , owns 1.5 percent of CPI stocko and controls two of the six board seats, whilde Ramius owns 23 percent of CPI and hold one board seat. The two parties worker togetherfor years, and Meyer gained control of the boardd chairmanship in April 2004 with Ramius’ But a and the firms broke off theifr alliance in February. Since then, they have as each side tries to steetr the future makeupof CPI’s board of directorsd and the company itself.
CPI’s slate of directo nominees for the 2009 annual meeting consistd ofJames Abel, Paul Finkelstein, Michaelk Glazer, Michael Koeneke, David Meye and Turner White. In April, Ramius suggested new independentr directors be electedto CPI’s boarf and that its only representative on the board, Ramiusw partner Peter Feld, maintain his seat.
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