Tier Technologies shareholder plans to nominate a director for election at annual meeting

By Lisa Kerner

Charlotte, N.C., Feb. 9 - Giant Investment, LLC notified Tier Technologies, Inc. that it is nominating James Robert Stone for election to Tier's board of directors at the annual meeting.

Stone will seek "value-enhancing strategic alternatives for the company, if he deems them to be appropriate," according to a schedule 13D filing with the Securities and Exchange Commission.

Giant owns 1.8 million, or 9.0%, of the Reston, Va., transaction processing solutions company's shares.

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