SurfStitch board row
A MAJOR shareholder of embattled online sports clothing retailer SurfStitch has called for an extraordinary general meeting to vote on the removal of chairman Sam Weiss.
Crown Financial, which has a more than five per cent stake in SurfStitch, has sent the company a notice of requisition to hold the shareholder meeting.
Crown Financial, which has taken legal action against SurfStitch related to a fallout over a content sharing deal, wants Mr Weiss removed as a director of SurfStitch.
Crown, part of the Three Crown Investments group, was involved in a failed $55 million takeover bid for SurfStitch last year. The meeting must be held within two months.
SurfStitch shares remain suspended following a $100 million class action.