 In 2008, the company was the target of a proxy fight launched by Pinnacle Fund ("Pinnacle") and Red Oak Partners, managed by David Sandberg, who initially proposed a slate of 6 directors to replace the company's board.After a period of negotiations which included the unrelated resignation of one member of the board, a slate of 5 new directors was elected on August 28, 2009 to replace the previous board.On September 13, 2007, Forgent acquired iEmployee.