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