Yahoo! (YHOO) confirmed that Patti Hart will not seek re-election to its board at the company's 2012 annual shareholder meeting.
The news had been widely reported in relation to the probe of CEO Scott Thompson's academic credentials, which has been spurred on by Yahoo! shareholder Daniel Loeb and his hedge fund firm Third Point.
In its press release, Yahoo! said Hart, who is the CEO of International Game Technology (IGT), had informed its board that IGT's board requested that she not seek re-election.Yahoo! shares were last quoted at $15.35, down a penny, on late volume of 5.1 million, according to Nasdaq.com. SkyWest Shares of SkyWest (SKYW) gained ground in late trades after the company reported its traffic rose 4.1% in April to 2.45 billion revenue passenger miles. Load factor came in at 80.9% for the month, up from 78.2% last year. The stock advanced 8.1% to $9.43 on volume of nearly 120,000, according to Nasdaq.com. --Written by Michael Baron in New York.
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