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OTHER NEWS - March 26, 1996

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Times Staff and Wire Reports

Shareholders Gear Up for Annual Rite: Stockholders are flooding companies with record numbers of proposals and proxy fights as corporate America braces for the often-stormy annual meeting season. Investor demands are now reverberating through boardrooms, before being formally addressed in April and May when companies typically meet with their investors. The number of shareholder proposals related to board governance issues has surged 74% from 1995 levels, to 214 for the 1996 annual meeting season, according to data compiled by proxy solicitation firm Georgeson & Co.

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