Irenic Capital Management has announced its intention to vote against certain legacy members of Forward Air Corporation's Board of Directors at the 2025 Annual Meeting of Shareholders. The decision aligns with Ancora Holdings Group's stance, following concerns about the Board's decision to bypass a shareholder vote on the acquisition of Omni Logistics LLC in 2023. Irenic criticized the legacy directors for undermining shareholder rights and believes they should not participate in the company's governance moving forward.
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