CBS Reschedules Shareholder Meeting for Dec. 11

CBS headquarters LOGO Building- Getty-H 2017
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The meeting was previously scheduled for May 17 and Aug. 10, but it was canceled both times.

CBS Corp. has rescheduled its annual meeting of shareholders for Dec. 11, the company said in a regulatory filing on Tuesday.

The meeting was originally scheduled for May 17, but CBS canceled it after its board voted in favor of diluting National Amusement's 80 percent voting control to 17 percent. The validity of the move was challenged by NA, controlled by Shari Redstone, setting up a potential legal showdown. 

The company then rescheduled the annual meeting for Aug. 10 before canceling that event as well.

Leslie Moonves stepped aside Sept. 9 as chairman and CEO of CBS after multiple accusations of sexual misconduct, which he has denied, with CBS appointing COO Joseph Ianniello as acting CEO. CBS and NA on the same day also unveiled a settlement agreement that included five current independent directors and one NA-affiliated director stepping down from the board.

Richard Parsons, the former CEO of AOL Time Warner who orchestrated the unraveling of the ill-fated merger of Time Warner and AOL, was recently named interim chairman of CBS.