Lakeview Investment Group Urges Strategic Review and Withholds Support for Forward Air Directors Ahead of 2025 Shareholder Meeting

Reuters
06/06
Lakeview Investment Group Urges Strategic Review and Withholds Support for Forward Air Directors Ahead of 2025 Shareholder Meeting

Lakeview Investment Group & Trading Company, LLC, a significant shareholder in Forward Air Corporation, has announced its intention to withhold support for three incumbent directors at the company's upcoming 2025 annual meeting of shareholders. The directors in question are George Mayes, Jr., the chairman, alongside directors Javier Polit and Laurie Tucker. Lakeview's decision aligns with the conclusions of other investors and leading proxy advisory firms, who have highlighted the need to replace long-standing directors with a history of supporting acquisitions perceived as detrimental to shareholder value. Lakeview is advocating for an accelerated strategic review process to explore a potential sale of the company at a premium, in response to growing interest from private equity firms. This move is aimed at achieving the best outcome for shareholders and mitigating potential investor unrest.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forward Air Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250605717597) on June 05, 2025, and is solely responsible for the information contained therein.

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