Command Center Inc., (OCTCBB: CCNI), a Lakewood, Colo.-based industrial staffing firm, announced Monday it reached a settlement in a proxy battle with Ephraim Fields of Echo Lake Capital. Fields had raised concerns about the company in November, saying it was underperforming, and called for a new board. Fields had also raised concerns earlier.
Under the settlement, Command Center will appoint Lawrence Hagenbuch to its board and will nominate seven directors for election to the board at its upcoming meeting: Hagenbuch, Richard Coleman Jr., Steven Bathgate, Steve Oman, R. Rimmy Malhotra, JD Smith and Galen Vetter. All parties have agreed to vote