Williams Triggers Round Two in Fight With Post

ATLANTA-John A. Williams, defeated in a May 2003 proposal to unseat Post Properties Inc.’s directors and stack the deck with his allies, is back in the ring again, this time fighting his former colleagues on a pay issue.

The former chairman, director and the largest shareholder in Post, Williams is asking stockholders at their annual meeting May 27 to vote on his plan that would have shareholders–and not directors–decide what the company pays its board members.

Williams also is preparing to launch a website to pitch his platform to shareholders. He couldn’t be reached by GlobeSt.com’s publication deadline. But his publicist, Larry Dennedy of New York-based McKenzie Partners who helped Williams in his unsuccessful proxy fight last year, tells GlobeSt.com his client “can’t project the results” of the May 27 meeting but believes shareholders will back his idea.