Excelsior Capital (ASX: ECL) faces its most dramatic shareholder meeting in years today, with investors voting on whether to liquidate the company entirely and remove its CEO. Shareholders controlling at least 5% have requisitioned resolutions, essentially a formal demand forcing the board to hold a vote to wind up Excelsior, appoint liquidators from BRI Ferrier, and replace CEO Danny Herceg and director Ryan Mount with two new directors. The board has unanimously recommended that shareholders vote against the proposals, setting up a high-stakes corporate governance battle that will determine the company’s future within hours.
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