In the letter, Ancora explained that the Forward Air Board of Directors “must be significantly reconstituted to address the Company’s prolonged stock price and operating underperformance, which Ancora believes has been largely driven by the Board’s poor operational oversight, ineffective capital allocation strategy and failure to optimize the Company’s balance sheet.”
Source: logistics Mgmt
Activist investor launches proxy battle with Forward Air over Board seats
More from LogisitcsMore posts in Logisitcs »
- Daily Briefing April 18 2024
- Govt asks shipping firms to enhance reporting, tracking on West Asia routes – Business Standard
- China accused of harming national security and U.S. shipbuilding jobs – Milwaukee Journal Sentinel
- Report Shows Plan for How Ports Can Supply Green Methanol & Ammonia by 2030 – The Maritime Executive
- Preem to Reduce Emissions and Minimize Shipping Cost with Seaber – The Maritime Executive
Be First to Comment