Former Directors Group Dissolves After Achieving Key Objectives at Cano Health (CANO)

Key Summary: On March 30, 2023, Barry Sternlicht (9.4%) resigned from the board, protesting against CEO Marlow Hernandez. By April 2, 2023, Sternlicht, Elliot Cooperstone, and Dr. Lewis Gold (36%) formed a group to seek leadership changes. They issued press releases and letters advocating for CEO replacement and governance improvements, leading to litig…