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CORRECTED-Firm backs dissidents for Furniture Brands board

Wed Apr 23, 2008 10:16am EDT
 
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(Corrects headline to make clear that Glass Lewis is supporting two of the dissident, not company, nominees, and changes sourcing in the 1st paragraph to Sun Capital)

NEW YORK, April 23 (Reuters) - Proxy adviser Glass Lewis & Co has recommended that shareholders of Furniture Brands International Inc (FBN.N: Quote, Profile, Research, Stock Buzz) elect Sun Capital nominees Alan Schwartz and T. Scott King to the furniture maker's board at its annual meeting, Sun said on Wednesday.

Glass Lewis said Furniture Brands needs a change in its board composition due the company's "long-term underperformance" and share price decline. (Reporting by Justin Grant; Editing by Derek Caney and Dave Zimmerman)

 

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