NEW YORK, June 2 /PRNewswire/ -- Locksmith Capital Management LLC ("Locksmith") announces that it does not intend to file a proxy statement with the Securities and Exchange Commission and solicit proxies in opposition to the nominees proposed by TravelCenters of America LLC (AMEX:TA). The affirmative vote of a majority of the TravelCenters' outstanding common stock entitled to vote at the meeting is necessary to elect Barry Portnoy and Arthur G. Koumantzelis to the Board of Directors of TravelCenters.
"We have decided not to invest our time in, and incur the expense of, a withhold campaign," said Timothy Brog, Managing Director of Locksmith Capital Management LLC. "However our view of the current Board and management has not changed. As a result, we have filled out the Company's proxy and withheld our vote for Barry Portnoy and Arthur G. Koumantzelis." Locksmith Capital Management LLC is the management company for Locksmith Value Opportunity Fund, a Delaware Limited Partnership.
CONTACT:
Timothy E. Brog
Locksmith Capital Management LLC
(212) 557-6150
DATASOURCE: Locksmith Capital Management LLC CONTACT: Timothy E. Brog, Locksmith Capital Management LLC, +1-212-557-6150
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