Allied Research battle fizzles Saudi investor is absent from annual meeting.

May 30, 1991|By Jon Morgan | Jon Morgan,Evening Sun Staff

An expected fight for the control of Allied Research Corp., a Baltimore-based defense contractor, fizzled today.

A Saudi Arabian investor who had filed documents with federal authorities saying he intended to nominate his own directors failed to show up at today's annual meeting -- much to the delight of the company's president, who the investor said he wanted to fire.

"I expected a half dozen of them," said Reinald W. Carter, who has been chief executive of the company for a year.

Carter said he met in January with the investor, Kusai H.M. Al Azzawi. He sought some changes in operations that Carter did not comply with and declined to specify.

In his filing earlier this month, Azzawi said he intended to nominate three new members to the company's five-member board. A company official speculated that Azzawi lacked the support necessary to win the fight and did not bother coming to the meeting.

The five management-backed candidates for director were nominated and elected. They are Carter, retired Army Lt. Gen. David E. Grange Jr., Charles T. Scott, Jay R. Sculley and John M. Wright.

Allied Research employs about 600 people at locations in Belgium and Chicago, and has a four-person headquarters staff in Baltimore. It develops and makes ammunition and other military goods.

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