Trouble at the Topp (TOPP)

Topps (TOPP) Full Value Committee has filed a preliminary proxy with the SEC seeking to elect their nominees to the Board. The committee in conjunction with Pembridge Value and Crescendo Partners owns approximately 5.8% of the common stock.

The shareholder activists are disappointed with management results and declining share price of Topps over the past five years. This could be a messy one.

TOPP 1-yr chart: