A group of small investors is pushing Research in Motion to shake up things to boost the company’s stock, including a possible sale of the organization, The Wall Street Journal reports.

Canadian merchant bank Jaguar Financial Corp. on Tuesday asked RIM to form a special committee, including four or five of its seven independent directors, to lead an effort to maximize shareholder value.

Jaguar’s chief executive said it and other RIM investors it is working with own less than 5% of the company’s shares, but he declined to be more specific, the newspaper said in Wednesday’s editions.

“Still, the move marks an acceleration of shareholder criticism over the smartphone and tablet maker. RIM’s share price has suffered this year amid a series of lackluster product launches,” the Journal noted.

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