MMI Investments challenges Simpson vote count

PLYMOUTH, Mich. (May 2)—MMI Investments II-A L.P., the Simpson Industries Inc. shareholder calling for the possible sale of the supplier, has challenged proxy results compiled by an independent auditor. At Simpson´s annual meeting in mid-April, shareholders voted on seating three MMI representatives on its 10-member board and on a non-binding proposal to explore the sale of the company. Simpson expects to announce final results May 5. Preliminary results attributed only 29 percent of outstanding shares voting in favor of MMI´s board appointments and 36 percent of those shares voting for the auction proposal.