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No talk of pending merger in Cabela's Annual Shareholders meeting

 


Cabela’s held it’s Annual Shareholders meeting in Sidney on Tuesday morning, and discussion of the pending merger were not among agenda items.

The shareholders meeting, usually held in May or June was delayed after a large portion of the company’s shares were purchased by an investment group, Elliot Associates. Following the investment groups share purchase, Cabela’s announced its merger with outdoor retailer Bass Pro in early October.

The million dollar merger was not mentioned in Tuesday’s Shareholders meeting ,however, as members of the press were among those invited to the meeting. In fact, it was made clear by Cabela’s Chief Executive Officer, Tommy Millner, that no discussion on the pending merger would ensue, and that questions would not be taken.

“This year, due to the merger with Bass Pro Shops, the agenda is limited and there will be no question and answer portion,” Millner said.

On the agenda for the meeting was to: elect the ten directors to serve on the Cabela’s Board of Directors; ratify the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the 2016 fiscal year; and hold an advisory vote on executive compensation.

Votes from the shareholders in attendance were collected in the meeting, Millner said based on preliminary votes the ten directors were chosen, and their names would be released at a later date.

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