board has unanimously agreed to reappoint Chief Executive John Antioco as its chairman -- after he essentially lost the post on Wednesday -- and expand the number of directors to eight.
"I am pleased that both the incumbent and new directors have asked me to continue to serve as Blockbuster's chairman in the interests of building shareholder value," Antioco said in a press release.
"I believe that Blockbuster has a world-class brand, great employees and franchisees, and a strong potential for future success," the statement continued. "I look forward to working with the board and our management team to maximize our many strengths and growth opportunities in the future."
The results of the voting have been certified. Based on that, Blockbuster announced the election of Carl C. Icahn, Edward Bleier and Strauss Zelnick to the company's board. The three dissident nominees led by Icahn were elected to Blockbuster's board by voters at the video chain's annual meeting Wednesday.
Antioco had previously said he would resign as CEO if he lost his board seat. The company had convened a special meeting to reappoint Antioco as a director.