Battlelines Drawn for Control of Skiptracing Giant

By CollectionIndustry.com Staff

Acxiom (Nasdaq: ACXM) chairman and founder Charles D. Morgan may soon be out of a job.

ValueAct Capital Master Fund LP, an investment firm with a 12 percent interest in Acxiom, has nominated three of its own — co-Founder Jeffrey Ubben, Michael Lawrie, a ValueAct partner, and Louis Andreozzi ? for election to Acxion?s board of directors at the company?s annual meeting later this year. If this power move proves successful, Ubben said, in an interview with MarketWatch, that the fund would look to replace Morgan with a new leader.