Amarin Corp Plc (AMRN)

[sstyles]

You don't buy 6% of the company and not have influence on the Board. That's not how it works especially with activists. My friends work at hedge funds. The fact there was no proxy fight speaks volumes. Had there been a proxy fight it would indicate Amarin was not on board with where Denner wants to see this go: get sold.

Prior to Per joining the Board in January, the 7 directors had been on the Board for at least 7 years without any changes. Now all of a sudden you get a BP guy added in January who then becomes Chairman in May. Think about it.....the newcomer all of a sudden becomes Chairman on Board where there were no changes for the last 7 years. This doesn't strike me as a Board that likes to see newcomers hence the lack of them before. The Chairman of the Board sets the tone. It is a big position.

Denner got his Board seats without a proxy fight is a good thing. In the span of 5 months you have 3 new directors on a Board that had no changes during the last 7 years aside from the addition of Karim (CEO is always on the Board).