Tier Technologies shareholder will nominate two for election to board

By Lisa Kerner

Charlotte, N.C., Jan. 6 - Tier Technologies, Inc. investor Giant Investment, LLC said it plans to nominate Zachary F. Sadek and Brian D. Edwards for election to the company's board of directors at the annual meeting on March 11, it was reported in a schedule 13D/A filed with the Securities and Exchange Commission.

Sadek is vice president of PCap Managers LLC, a Giant affiliate.

Edwards is president of privately held Pure4Sure Water, Inc., a manufacturer and distributor of commercial and residential water purification solutions based in Indianapolis.

According to the filing, Giant believes that Tier should "aggressively focus on right-sizing its corporate overhead" and return excess capital to shareholders.

Giant beneficially owns 1,799,322 shares, or 9.1%, of the Reston, Va., transaction-processing solutions company.

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