|
NEW YORK (AP) - OfficeMax Inc. will be saying goodbye to half its board of directors at its annual meeting April 20, according to the company's proxy statement, filed Tuesday with the Securities and Exchange Commission.
The country's No. 3 office supply retailer has had a tumultuous couple years. Christopher Miliken, its former CEO, resigned in February 2005 after less than four months on the job; his resignation came after he acknowledged misstating 2004 results in an accounting scandal. In January, the company said it would close 110 stores; the company has not opened new stores in five years. A leading shareholder insists the company should be sold.
Many board members have decided to move on.
|