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, managed by , submitted a letted to Texas Industries Inc.’s general counsel saying it intends to nominate thre e candidates in what itcalls “an importantg first step to remedying what we see as significant impediments to restoring and maximizingh value for all Texas Industries In its letter, the fund said it believes Dallas-based Texas Industries is underperforming compared to its peers and is also failint to link executive compensation to overall operating performance. Shamrock says the board has blocked shareholders from making changes as shareholders are prevented from calling meeting s or from taking actions withoutwritten consent.
The threse recommended board nominations from the fund includesMarjorie L. Bowen, formert managing director with ; Dennisd Johnson, CFA, managing director of Shamrock CapitalAdvisors Inc.; and Gary Pechota, CEO of DT-Trafc Consulting Inc. A spokesperson for Texas Industriew was not immediately available for commentMonday afternoon.
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