Investor Stephen Bershad said that he has been in discussion with GSI Group about obtaining representation on the company's board. From April 24 through April 28, Bershad reported, he had multiple conversations with Richard Black, GSI's chairman, regarding his request. Black has agreed to discuss Bershad's request with the full board. Bershad currently holds 3,471,000 shares (7.29% of the total outstanding).

Steven Hovde and Richard Murray said that they recently resigned as members of the company's board. Hovde and Murray assert that their efforts to salvage value for shareholders were largely ignored by management and the other members of the board. They also maintain that Great Wolf's executive and board compensation levels are "inappropriately high, and not properly linked to performance." The former directors said that the current management team and other board members are "an insular and isolated club," whose members have failed to adequately consider outside, investor perspectives or to work constructively with them. Hovde and his affiliates currently hold 2,001,762 shares (6.5%).

Ramius said that it had sent a letter to CPI nominating Peter Feld, Joseph Izganics, John Serino and Paul White for election to the board at the company's 2009 annual meeting. Ramius also reported sending a settlement offer in the hope of finding a mutually agreeable slate of directors to be nominated for election and to avoid a protracted election contest. The investor's proposed settlement would increase the size of CPI's board to seven members. Ramius and its affiliates currently hold 1,717,988 shares (24.7%).

CBay said that it might ask MedQuist's board to consider declaring a dividend to all shareholders. CBay, an affiliate of Steven A. Cohen of SAC Capital Advisors, is evaluating its options with respect to repayment of the promissory notes issued to it by Koninklijke Philips Electronics (PHG), as part of Philips' sale of its 69.5% stake in MedQuist to CBay in August 2008. CBay and Philips recently extended the payment of $26.44 million in the principal sum of the notes until Sept. 30. CBay wants a dividend payment prior to Sept. 30, in an amount such that the portion received by CBay will at minimum be sufficient to let CBay pay the amount it owes Philips. CBay currently holds 26,085,086 shares (69.5%).

Kopp Investment Advisors reported owning 1,222,779 shares (5.13%), after buying 797,700 from Feb. 25 through April 17, at prices that ranged from 83 cents to $2 a share.

Shareholder William Furman reported holding 1,550,000 shares (9.3%), after purchasing 100,000 from April 15 to April 21 at $5.05 to $7.40 each.

Green Equity Investors V cut its stake in Life Time Fitness to about 1.51 million shares (3.8%), from the 3,632,408, or 9.2%, that it had reported holding in November 2008.

A group of funds including Harbinger Holdings lowered its stake to 26,473,520 shares (28%), from the 30,179,020 (31.9%) that it had reported holding on April 22.