Activist investor Ancora has successfully secured three board seats at Norfolk Southern, falling short of ousting CEO Alan Shaw. AREX Capital Management is also seeking seven board seats at Enhabit to address poor financial performance. The annual meeting of shareholders saw a significant board challenge at both companies.
Norfolk Southern $NSC prevails in landmark proxy fight with activist Ancora https://t.co/Svml68XfFq https://t.co/ChrVhIsRjN
Norfolk Southern’s shareholders on Thursday voted against an activist investor’s proposal to unseat Alan Shaw as CEO https://t.co/CEitsVxYj3 https://t.co/CEitsVxYj3
Norfolk Southern’s CEO Survives Activist's Push to Oust him. Ancora, the activist investor, says they will keep fighting. https://t.co/hRGLVgD50C via @WSJ
$NSC (-5.2% pre) Activist Ancora wins three board seats at Norfolk Southern but falls short of ousting CEO https://t.co/qE0uApEdMA
More details on vote at $NSC: Allen Shaw re-elected to the board so he presumably is staying on as CEO. Chair Amy Miles is not re-elected. Ancora's candidates elected are Barber, Clyburn and Lamphere. Is getting three people on the board a victory or defeat for Ancora? #rail https://t.co/iI01BHd9km
On the call for the annual meeting of shareholders, Jim Chadwick of Ancora just reported that three of the nominees at Ancora for the board at $NSC were elected to the Norfolk Southern board. They had nominated seven. #rail https://t.co/Zd4UO203ZM
Exclusive: Activist Ancora poised to win some board seats at Norfolk Southern, sources say https://t.co/X0Tktke7xy https://t.co/tnW772u2c2
⚠️ EXCLUSIVE-AREX CAPITAL TO MOUNT BOARD CHALLENGE AGAINST ENHABIT, SOURCES SAY Full Story → https://t.co/wHqvDRFFXd Hedge fund AREX Capital Management is seeking seven board seats at Enhabit, arguing that new directors are needed to help reverse poor financial performance at…
Strive’s Head of Corporate Governance, @justindanhof, shares why we believe Ancora's proposed board nominees offer the best chance to get Norfolk Southern back on track. Read the full letter we wrote on behalf of our clients to all Norfolk Southern shareholders, encouraging them… https://t.co/o2Y2uPxAlM
Ancora has made a solid case for change at railroad $NSC. I'm surprised more activist investors haven't latched on to sway the vote. Best place to start: https://t.co/84481cKEVa All materials: https://t.co/EevkW2mWyi