New Frontier Media director Edward Bonn wants to oust Mark Kreloff, CEO of the adult pay-per-view company.
Bonn, who owns 19.2 percent of New Frontier, asked the board March 20 to
remove Kreloff as CEO, according to a Securities and Exchange Commission filing
The board didn't dismiss Kreloff, but it formed a committee that will
'attempt to negotiate with Mr. Kreloff regarding the termination of his
employment,' according to the filing.