Alternative asset management firm Altai Capital Management disclosed through a new Schedule 13D filing today that it purchased an additional 500,000 shares of WFR on June 15th. This comes after buying 8,769,756 shares on May 29th. Altai now owns 16,267,736 shares of WFR giving the company a 7% stake in WFR.
In their filing, Altai also announced that they proposed for Steven V. Tesoriere to be appointed to the Board of Directors.
On June 15, 2012, the Investment Manager proposed that Steven V. Tesoriere, co-founder and Managing Principal of the Investment Manager, be appointed to the Board of Directors of the Issuer to fill the vacancy created by the recent resignation of Robert J. Boehlke from the Board. Without limiting the scope of potential discussions or meetings that the Reporting Persons may undertake as described above, the Reporting Persons may engage in discussions with members of management, the Board of Directors or other stakeholders with respect to the potential appointment of Mr. Tesoriere to the Board.
|Reported via||Date||Name||Ticker||Shares||% of Portfolio|
|13F||2010-12-31||MEMC Electronic Materials Inc.||WFR||918,888||4.84|
|13F||2011-03-31||MEMC Electronic Materials Inc.||WFR||1,433,888||5.32|
|13F||2011-06-30||MEMC Electronic Materials Inc.||WFR||1,683,888||3.98|
|13F||2011-09-30||MEMC Electronic Materials Inc.||WFR||4,081,830||9.39|
|13F||2011-12-31||MEMC Electronic Materials Inc.||WFR||6,137,980||9.24|
|13F||2012-03-31||MEMC Electronic Materials Inc.||WFR||6,997,980||13.33|
|SC 13D||2012-05-29||MEMC Electronic Materials Inc.||WFR||15,767,736||N/A|
|SC 13D/A||2012-06-15||MEMC Electronic Materials Inc.||WFR||16,267,736||N/A|