Cannae Shareholders Elect Activist-Backed Nominees, Reject Say on Pay

Reuters

2025/12/13

Cannae Shareholders Elect Activist-Backed Nominees, Reject Say on Pay

Cannae Holdings Inc. recently held its 2025 Annual Meeting of Shareholders, where shareholder activism played a significant role. Carronade Capital Master, LP, a shareholder owning approximately 3.2 million shares of Cannae Holdings, advocated for changes to the company's board and governance practices. As a result of this activism, shareholders elected Carronade's nominees, Mona Aboelnaga and Chérie Schaible, to the Board of Directors, with both receiving more votes than the company's own nominees. Additionally, shareholders voted to reject the company's "Say on Pay" proposal. Carronade Capital has emphasized that these outcomes reflect a shareholder mandate for meaningful change and increased independence on the board, as well as a push for improved capital allocation and corporate governance.

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. Cannae Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9601645) on December 12, 2025, and is solely responsible for the information contained therein.

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Carronade Capital Master, LP, a shareholder owning approximately 3.2 million shares of Cannae Holdings, advocated for changes to the company's board and governance practices. As a result of this activism, shareholders elected Carronade's nominees, Mona Aboelnaga and Chérie Schaible, to the Board of Directors, with both receiving more votes than the company's own nominees. Additionally, shareholders voted to reject the company's \"Say on Pay\" proposal. Carronade Capital has emphasized that these outcomes reflect a shareholder mandate for meaningful change and increased independence on the board, as well as a push for improved capital allocation and corporate governance.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Cannae Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9601645) on December 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014039.USD","symbol_name":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251212:nNDLbXPbJM:1","article_id":"2591689056","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2591689056","pubTimestamp":1765573404,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Cannae Holdings Inc. recently held its 2025 Annual Meeting of Shareholders, where shareholder activism played a significant role. Carronade Capital Master, LP, a shareholder owning approximately 3.2 million shares of Cannae Holdings, advocated for changes to the company's board and governance practices. As a result of this activism, shareholders elected Carronade's nominees, Mona Aboelnaga and Chérie Schaible, to the Board of Directors, with both receiving more votes than the company's own nominees. Additionally, shareholders voted to reject the company's \"Say on Pay\" proposal. Carronade Capital has emphasized that these outcomes reflect a shareholder mandate for meaningful change and increased independence on the board, as well as a push for improved capital allocation and corporate governance.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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Carronade Capital Master, LP, a shareholder owning approximately 3.2 million shares of Cannae Holdings, advocated for changes to the company's board and governance practices. As a result of this activism, shareholders elected Carronade's nominees, Mona Aboelnaga and Chérie Schaible, to the Board of Directors, with both receiving more votes than the company's own nominees. Additionally, shareholders voted to reject the company's \"Say on Pay\" proposal. Carronade Capital has emphasized that these outcomes reflect a shareholder mandate for meaningful change and increased independence on the board, as well as a push for improved capital allocation and corporate governance.\n      \n\nDisclaimer: 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. Cannae Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9601645) on December 12, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}