QSII director Ahmed Hussein remains "concerned" about QSII's corporate governance and board structure. One of Hussein's primary concerns: Its legal counsel, whom Hussein had intended to have removed under a previous agreement, continued working for QSII and assumed responsibilities of corporate counsel, board counsel and general counsel, Hussein said. Hussein believes the board's special committee "lacks transparency and fails to divulge its minutes to the other members of the board," and believes QSII needs a balanced board and impartial legal counsel. Hussein holds 4,651,600 shares (16.62% of the total outstanding).

General Atlantic Service believes there may be benefits to exploring a potential strategic transaction between GVHR and TriNet Group, a General Atlantic unit. The investor may engage in communications with Gevity management, board or other stockholders regarding its operations, prospects, business and financial strategies, strategic transactions, assets and liabilities, and business and financing alternatives. General Atlantic reported holding about 2.21 million shares (9.5%).

Riley Investment Management said it intends to nominate two candidates to serve as directors when ZILG's 2008 nominating window opens on June 8. Riley expressed "deep concern" over the company's strategic direction, and urged the board to move swiftly to maximize shareholder value through a sale of the company. Riley has been unhappy with Zilog's rejection of an acquisition offer from Universal Electronics (UEIC), which in January offered to buy Zilog for $4.50 a share. Riley Investment reported ownership of 1,061,357 shares (6.3%).

Investment firm D.E. Shaw & Co., which previously expressed concern over OEH's corporate-governance structure, raised its stake to 3.22 million Class A shares (7.6%), from the 2,431,218 (5.7%) reported in February. In February, Shaw was concerned with OEH supervoting Class B share rights, and whether owners of OEH Class A stock can hold a definitive, binding vote regarding merger or sale of OEH, if a proposal is made.

Carl Icahn said he recently had discussions with AMLN management and may seek to do so again on ideas to enhance shareholder value (for more, see Spotlight at right). Icahn believes AMLN stock is undervalued; he and his affiliates beneficially own 8.96 million shares (6.54%), including about 2.17 million underlying call options, which expire on March 10, 2010.

Palo Alto Investors said it has expressed views about strategies for maximizing shareholder value, both in meetings with TRGL management and at the most recent shareholders' meeting; it intends to continue expressing such views. Palo Alto reported owning 1,825,000 shares (9.2%).

Symphony Technology Group reported owning 1,897,575 shares (6.3%); it acquired them for investment, and believes the shares represent "an attractive investment opportunity." It may also seek board representation or effect changes in board composition, ownership structure or operations.

Shareholders Austin Marxe and David Greenhouse raised their stake to 1,026,063 shares (20.1%), after buying 319,230 in May at $3.40 each.