Growing Tasmanian company TasFoods Limited will be forced into a board spill if proceedings go a certain way at its annual meeting in Launceston on May 23.
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More than 25 per cent of shareholder votes were cast against the company's remuneration report at last year's annual meeting, meaning the company had a "first strike".
If that happened again on May 23, shareholders would get to vote on whether to force a board spill, leading to a new board election.
The agribusiness increased revenue by 25 per cent to $38.4 million in 2018.
Its net after tax loss of $1.29 million was a $5.55 million improvement on the previous year's result.
TasFoods Limited's executive chairman, Shane Noble, described 2018 as a year of growth and operational improvement.
