Dr. M. Lee Pearce, an investor with...

Dr. M. Lee Pearce, an investor with a major stake in Beverly Hills-based American Medical International, has indicated that he may seek shareholder support for an effort to unseat AMI board members. In a filing with the SEC, Pearce discussed the possibility of presenting a rival slate of board candidates to shareholders. The board challenge is one of a number of options cited by Pearce, a critic of AMI management. Pearce, who holds 7.5% of AMI’s outstanding common stock, said he may boost his stake to 15% and may encourage other shareholders to acquire more of the company’s stock, the document said.