Shareholders of Pinnacle Financial Partners last week voted to declassify the bank holding company's board of directors, a process that will completed two years from now. Investors also approved by very wide margins the other items of business put before them.
The board of LifePoint Hospitals will soon have a new lead director because Bob Shell, who has held that role since late 2010, will in early June retire, having reached LifePoint's mandatory director retirement age. Shell, a former Bank of America division president, has been a LifePoint director since 2002 and was the Brentwood-based company's non-executive chairman from 2006 to 2010. There's no word in the company's proxy statement as to who will take his place as lead director. The board will vote on that after being re-elected.
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