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InfoUSA shareholders re-elect incumbent directors

Published on .

Marshfield, Wis.—After weeks of lobbying by dissident shareholders recommending the ouster of three board members, infoUSA announced Friday that based on a preliminary vote count, Chairman-CEO Vinod Gupta, George Haddix and Vasant Raval were re-elected by shareholders at the Omaha, Neb.-based database company’s annual meeting.

Results of an election audit are expected in seven to 10 days.

Dissident shareholders Dolphin Limited Partnership I and Dolphin Financial Partners, which together own 2.0 million shares, or 3.6%, of infoUSA’s stock, put out an announcement today “that the outcome of the election of directors at infoUSA’s annual meeting of stockholders was exceedingly close.”

—Carol Krol

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