Another sign Advocat is taking Bristol’s board challenge seriously

By Geert De Lombaerde Posted on May 29, 2009 at 6:51 am

Chad McCurdy, the nursing home operator’s largest shareholder – and since last spring, a board member – says he has picked up a few more shares lately and goes to great lengths to say he supports the company-nominated director candidates over the challengers from Bristol Capital.

Being a large shareholder or having investment banking relationships does not by itself add additional value to our board. I have numerous relationships with investment bankers at very large and well respected firms as do other members of your board. We listen to what our current bankers tell and draw upon other relationships for further advice and counsel.

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Tags: 5% owners, Advocat Inc., Bristol Capital Advisors LLC, Bristol Investment Fund Ltd., Chad McCurdy, Marlin Capital Partners LLC, proxy contests, senior housing and assisted living  

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