Premier Exhibitions postpones meeting in response to shareholder's requests

By Devika Patel

Knoxville, Tenn., July 18 - Premier Exhibitions, Inc. said in a Friday filing with the Securities and Exchange Commission that its board of directors has decided to postpone the company's 2008 annual meeting of shareholders in response to certain requests made by Sellers Capital LLC, the company's largest shareholder.

The requests include a request that the size of the company's board of directors be set at 11 members, that two persons designated by Sellers Capital, Mark Hugh Sam and Mark Sellers, be appointed to the board and included on the slate of directors proposed for election at the annual meeting and that the company's reincorporation proposal be revised so that, following the reincorporation, the holders of 33% of the company's outstanding shares have the right to call special meetings of shareholders.

The company said in the filing that its board of directors has agreed to these requests, subject to further consideration of the background and qualifications of the director candidates designated by Sellers Capital.

The annual meeting originally was scheduled for Aug. 6. The new date for the meeting has not been set.

A notice of the new meeting date and revised proxy materials will be sent to shareholders.

Premier Exhibitions, located in Atlanta, develops and tours exhibits worldwide and operates as the salvor-in-possession of the Titanic wreck.

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