Irenic Capital to Vote Against Legacy Directors at Forward Air's 2025 Shareholder Meeting Due to Governance Concerns

Reuters

05-15

Irenic Capital to Vote Against Legacy Directors at Forward Air's 2025 Shareholder Meeting Due to Governance Concerns

Irenic Capital Management has announced its intention to vote against certain legacy members of Forward Air Corporation's Board of Directors at the 2025 Annual Meeting of Shareholders. The decision aligns with Ancora Holdings Group's stance, following concerns about the Board's decision to bypass a shareholder vote on the acquisition of Omni Logistics LLC in 2023. Irenic criticized the legacy directors for undermining shareholder rights and believes they should not participate in the company's governance moving forward.

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: 20250514061088) on May 14, 2025, and is solely responsible for the information contained therein.

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The decision aligns with Ancora Holdings Group's stance, following concerns about the Board's decision to bypass a shareholder vote on the acquisition of Omni Logistics LLC in 2023. Irenic criticized the legacy directors for undermining shareholder rights and believes they should not participate in the company's governance moving forward.\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. Forward Air Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250514061088) on May 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250514:nNDL2pXZTt:1","article_id":"2535780005","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535780005","pubTimestamp":1747245014,"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":"Irenic Capital Management has announced its intention to vote against certain legacy members of Forward Air Corporation's Board of Directors at the 2025 Annual Meeting of Shareholders. 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