Enhabit (EHAB) Announces Preliminary Results of 2024 Annual Meeting of Stockholders

Key Summary:  On May 9, 2024, AREX Capital (4.8%) criticized Enhabit’s strategic review for undervaluing the company and nominated seven independent directors to improve performance and shareholder value. They filed proxy materials and issued an investor presentation outlining a plan to increase EBITDA by 50%. AREX also expressed dissatisfaction with En…