Some disgruntled shareholders want Surburban Lodges of America (SLAM) either to put itself or some of its assets on the auction block. And to achieve that goal, they may oust members of SLAM’s staggered board. New York-based Sharwell Securities Trading Ltd. and its affiliates, which own a 6.4% stake in SLAM, announced in an April 16 13D that it would nominate two members to the hotel operator’s five-member board at the May 17 shareholder meeting, and seek a sale of the company.
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