Board seat/ Agreement
On April 1, 2024, MRC Global entered into a Cooperation Agreement with Engine Capital and pursuant to it, the company agreed to appoint Daniel B. Silvers (Engine Capital's candidate) as a member of the board effective as of April 1, 2024.
On April 1, 2024, Elanco Animal Health entered into an agreement with Ancora and pursuant to it, the company announced the appointment of two candidates of Ancora to the Board expanding the Board to 14 members.
On March 26, 2024, PW Partners entered into a Cooperation Agreement with BJ's Restaurants resulting in Atlas Fund IV withdrawing its proposals for the 2024 Annual Meeting. The Agreement engages PW Partners to advise on cost efficiencies, with Mr. Walsh being granted restricted stock units as compensation.
On March 22, 2024, 22NW Fund signed a Support Agreement with DIRTT Environmental Solutions, nominating Aron R. English for the Board and agreeing to support Board recommendations, with exceptions.
On March 25, 2024, Fossil Group entered into an agreement with Buxton Helmsley Group and pursuant to it, the company will appoint Pamela B. Corrie as a new member of its board of directors and the Nominating and Corporate Governance Committee. Ms. Corrie, referred to as the Investor Director, will also be nominated for election at 2024 AGM.
On March 5, 2024, Irenic Capital Management (5.1%) entered a Cooperation Agreement with Barnes Group Inc (B), resulting in the appointment of Adam J. Katz to the Board.
On March 4, 2024, Ventas, Inc. (VTR) entered into a cooperation agreement with Land & Buildings Investment Management and pursuant to it, the Company has appointed Theodore R. Bigman, Founder and Chief Investment Officer of Bigman Holdings and former Head of Global Listed Real Assets Investing at Morgan Stanley Investment Management and Joe V. Rodriguez, Jr., President of Burnt Mountain Investments LLC and former Chief Investment Officer of Invesco Real Estate to the Company’s Board of Directors.
On March 1, 2024, 180 Degree Capital issued a press release which discussed 180 Degree Capital's nomination of Matthew F. McLaughlin for election to the board of comScore at the AGM. On March 26, 2024, 180 Degree Capital (8.7%) issued a press release, which noted that it is gratified that the board has determined to nominate and support the election of Matthew F. McLaughlin for election to the Board at the 2024 AGM. 180 Degree Capital is hopeful that the Board will also support declassifying itself and put such proposal up for shareholder ratification at the Annual Meeting.
On March 1, 2024, Chefs' Warehouse, Inc (CHEF) entered into an agreement with Legion Partners Asset Management (3.3%) and pursuant to it, the Company temporarily increased the size of the Board to fourteen members and appointed two new independent directors, Richard N. Peretz and Wendy M. Weinstein, to the Board.
On February 28, 2024, Citi Trends Inc (CTRN) and Fund 1 Investments (10%) signed a cooperation agreement and pursuant to it, the company will appoint David Heath, Charles Liu, and Michael Kvitko as observers to its Board until the 2024 Annual Meeting.
On February 27, 2024, BJ's Restaurants Inc (BJRI) and Fund 1 Investments (9.5%) signed a Cooperation Agreement. Pursuant to it, the Board expanded to twelve directors, appointing C. Bradford Richmond to the Board.
On February 22, 2024, Indaba Capital Management (10.2%) entered into a Letter Agreement with ON24 Inc. (ONTF). Pursuant to the Letter Agreement, the company agreed to take all actions necessary to ensure that Ronald P. Mitchell will continue serving on the Board.
On February 21, 2024, Nevro Corp (NVRO) entered into a Cooperation Agreement with Engaged Capital (6%) pursuant to which Kirt P. Karros has been appointed to the Board.
On February 16, 2024, the Tarsadia Investments and Twelve Holdings (together 14.3%) entered into a cooperation agreement with Cue Health Inc. (HLTH) and pursuant to it, the company agreed to increase the size of the Board and appoint Mr. Reddy to the Board.
On February 16, 2024, Carl Icahn and Messrs. Jesse Lynn and Steven Miller entered into a Director Appointment and Nomination Agreement with Jetblue Airways Corporation (JBLU). Pursuant to the agreement, the company will include Messrs. Lynn and Miller, nominated by Carl Icahn, as observers on the Board
On February 14, 2024, the Radoff-Sudbury Group (12.5%) entered into a Cooperation Agreement with LifeVantage Corp (LFVN) and pursuant to it, the company increased the size of the Board and appointed Dayton Judd to the Board.
On February 14, 2024, Sound Financial Bancorp, Inc. (SFBC) announced its director nominees for election at the Annual Meeting in its Form 8-K, which nominees include Ms. Porcelli (Stilwell's (15.4%) nominee).
On February 13, 2024, Ajay Sundar, Managing Director at Starboard Value LP (61.2%), was appointed as a director of Acacia Research Corp (ACTG).
On February 7, 2024, Strategic Value Investors (5.2%) entered into a standstill agreement with Bankfinancial Corporation (BFIN) and pursuant to it, Mr. Mackovak was appointed to the Board.
On February 6, 2024, Ancora Advisors (7.1%) entered into a cooperation agreement with Green Plains Inc. (GPRE). Pursuant to this agreement, the company will publicly announce a formal review by its Board of Directors to explore strategic alternatives.
On February 4, 2024, The Concerned Investor Group (14%) and Terran Orbital Corp (LLAP) entered an Agreement for the prompt appointment of a new director. The Concerned Investor Group could recommend up to three candidates, with final approval from the Committee and the Board.
On January 31, 2024, Legion Partners (5.4%) entered into a cooperation agreement with Clear Channel Outdoor Holdings, Inc. (CCO) and pursuant to it, the company increased the size of the Board to 10 and appointed Ted White (co-founder, Chief Compliance Officer and a Managing Director of Legion Partners Asset Management ) as a member of the Board.
On January 31, 2024, Hestia Capital (8.5%) entered into a cooperation agreement with Pitney Bowes Inc /DE/ (PBI) and pursuant to it, the company increased the size f the Board to ten and appointed new directors (William “Bill” Simon and Jill Sutton) to the Board.
On January 25, 2024, 22NW Fund (11.9%) and Foster L B (FSTR) entered into a cooperation agreement. This agreement stipulates that Alexander B. Jones will be nominated as a candidate for the Board at the 2024 Annual Meeting.
On January 16, 2024, Mo Chen (19.1%), the Executive Chairman of the Company's Board of Directors, entered into a Cooperation Agreement with Tusimple Holdings Inc. (TSP).
On January 11, 2024, Superior Industries International Inc (SUP) and Mill Road Capital (15.7%) entered into a Cooperation Agreement. According to this Agreement, the company has committed to appoint Deven Petito (Mill Road Designee) to its board of directors.
On January 10, 2024, Bradley L. Radoff (8%) entered into a Cooperation Agreement with EMCORE Corp (EMKR), and pursuant to it, the Board's size was increased by one member, making a total of six directors. Cletus C. Glasener and Jeffrey J. Roncka (Radoff candidates) were appointed as new directors.
On January 2, 2024, Bloomin' Brands, Inc (BLMN) entered into a cooperation agreement with Starboard (9.7%) and pursuant to it, the company appointed Dave George, former Chief Operating Officer of Darden Restaurants, and Jon Sagal, Partner at Starboard Value LP, to its Board.
On December 14, 2023, Forager Fund (6.8%) entered into a cooperation agreement with Delta Apparel, Inc (DLA) and pursuant to it, the company agreed to appoint Timothy Brog as a new independent director on the Board.