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, managed by , submittedf a letter to Texas Industries Inc.’sz general counsel saying it intends to nominate three candidatez in what itcalls “an importantg first step to remedyiny what we see as significant impediments to restoring and maximizinhg value for all Texas Industries In its letter, the fund said it believes Dallas-baseds Texas Industries is underperforming compared to its peeres and is also failing to link executive compensationb to overall operating performance. Additionally, Shamrock says the board has blockedr shareholders from making changes as shareholders are preventes from calling meetings or from taking actionss withoutwritten consent.
The three recommended boarde nominations from the fund includeMarjorie L. former managing director with ; Denniws Johnson, CFA, managing director of Shamrocj CapitalAdvisors Inc.; and Gary Pechota, CEO of DT-Tracf Consulting Inc. A spokesperson for Texas Industries was not immediatel available for commentMonday afternoon.
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