BB Liquidating Inc. (BLIAQ)

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Dissident shareholder added to Blockbuster board

Dissident Blockbuster Inc. shareholder Gregory Meyer has been named to the company's board of directors. Meyer has been waging a contentious battle to take the place of other directors; instead, Blockbuster's board reached an agreement Wednesday evening to be added without an election.

The news was revealed at the company's annual shareholder meeting Thursday morning.

Blockbuster executives also said they are continuing to work with lenders on a recapitalization plan, an effort they described as "ongoing."

Last week, CEO Jim Keyes told the Dallas Business Journal that Blockbuster is up for a fight. “The industry is in transition," he said, "but in change, there is opportunity.”

Read more: Dissident shareholder added to Blockbuster board - Dallas Business Journal