- As part of a standstill agreement with activist Barrington Capital (owns a ~1.6% stake), Ebix (NASDAQ:EBIX +0.3%) has added two independent directors - Barrington CEO James Mitarotonda and defense/satellite industry vet Joseph R. Wright - to its board.
- Three weeks ago, Barrington issued an open letter criticizing Ebix's board oversight (among other things), and nominated four directors. Barrington has now agreed to back Ebix's board slate at the company's 2014 annual meeting.