Cannae Holdings Inc. is facing shareholder activism ahead of its 2025 Annual Meeting of Shareholders, scheduled for December 12. Carronade Capital Master, LP, a major shareholder with approximately 3.2 million shares, has called on fellow shareholders to vote for its four director nominees-Mona Aboelnaga, Benjamin Duster, Dennis Prieto, and Chérie Schaible-using the GOLD proxy card. Carronade Capital is urging shareholders to withhold votes from the company's nominees: Erika Meinhardt, Barry B. Moullet, James B. Stallings, Jr., and Frank P. Willey. The activist investor argues that its nominees offer independent oversight and the potential for improved corporate governance and accountability. Leading proxy advisory firms ISS, Glass Lewis, and Egan-Jones have reportedly recommended voting for Carronade's nominees. Carronade Capital has criticized the current board for underperformance and governance practices, citing negative shareholder returns over the past five years.