Big Deal or No Big Deal?

I worked my way through Griffin-American Healthcare REIT II, Inc.'s (GARH) new prospectus after reading last week's InvestmentNews article on American Realty Capital's attempt to nominate an alternative board of directors to GAHR's board.  I did not see any additional references to the alternative directors other than the language on which the InvestmentNews article was based, which I have reprinted below:

Notice of Stockholder Intent to Nominate Directors

We have received correspondence from a stockholder and another individual notifying us of their intention to nominate an alternative slate of directors for election at the 2012 annual meeting of stockholders. The notices, which are substantially the same, name persons associated with one or more entities related to American Realty Capital, one of our competitors, as proposed nominees. The notices also identify such entities, and certain individuals associated with such entities, as “stockholder associated persons,” which in this case means that such persons are acting in concert with the individuals who submitted the notices.

The above was listed on page 135 of a 220-plus page document.  Is the nomination of an alternative slate of directors a big deal, or just a competitor trying to complicate GAHR's transition to a new advisor and sponsor.  I will have to wait and wade through additional filings to get an answer.  I just hope the next update, if any, is not a small paragraph in the middle of a 200-page legal document.  (GARH filed an updated prospectus this morning, and the language read the same as last week's filing.)