Irvine-based computer maker Gateway Inc. said Thursday it plans to consider a proposal from activist shareholders pushing for an expansion of its board.
If an expanded board doesn’t bring a turnaround of the company, Gateway should be sold, the investors said.
The shareholders, who own about 10% of Gateway, back three board candidates who they say can jump-start the struggling company’s strategy and profits.
The group includes Firebrand Partners LLC and Harbert Management Corp.
The investors said they could stage a proxy battle if Gateway doesn’t respond to their proposals.
The company said its corporate governance committee is set to review the matter and make a recommendation to the full board.
