Shamrock Activist Value Fund suggests Arris improve corporate governance by implementing a majority-voting standard for electing directors, separating the chairman and CEO posts, and removing its "poison pill" rights plan. Shamrock, run by Roy E. Disney, owns 7,020,514 shares (5.72%).

Shamrock also urged MGLN to maximize value and be more "assertive" by repurchasing $300 million in common stock. Shamrock holds 1,295,686 shares (3.2%).

Riley Investment Management said that MagneTek's value would be maximized through an immediate sale of the company. Riley holds 2,751,210 shares (9%).

Thoma Bravo reported ownership of 1,522,369 shares (6.9%), after buying them from Oct. 8 through Dec. 1 at prices ranging from $6.08 to $7.65.

Jinglong Group reported holdings of 44,007,868 shares (28.51%).

Investor and former Securities and Exchange Commission Chairman Richard C. Breeden raised his stake to 9,070,839 shares (28.5%), after buying 1,000,000 on Nov. 26 at $6.29 each. In January, Zale appointed to its board Breeden and James Cotter, a founding partner of Breeden Capital and senior managing director of Richard C. Breeden & Co.

The billionaire investor Carl Icahn lowered his stake in Temple-Inland to 5,312,995 shares (4.99%), by selling 2,079,098 on Nov. 25 and 26 at prices ranging from $2.98 to $3.02.

At the 2009 annual meeting, Wintergreen Advisers intends to nominate four independent candidates for election to the board, seek annual election of directors and propose that the board's chairman be an independent director. Wintergreen is overwhelmingly the company's largest stockholder, and other shareholders probably will view it as deserving representation. Wintergreen would get two to three seats if its representation were in proportion to its stock ownership; shareholders are unlikely to give it four of the nine seats. Wintergreen previously had proposed receiving three board seats, with one being chairman, and the right to nominate candidates for the remaining seats. Consolidated-Tomoka counter-offered to fill two board seats with independent directors nominated by Wintergreen -- an idea Wintergreen rejected. Wintergreen's proposals to declassify the board and for an independent chairman will likely pass, but such proposals are non-binding. Third Avenue Management is the company's second-largest shareholder (9.8%). Based on its activist history, it's likely to support Wintergreen's governance proposals and to favor giving Wintergreen some level of board representation.