Lakeview Investment Group & Trading Company, a shareholder of Forward Air (FWRD) Corp., announced its plans to withhold support for three incumbents at the company’s 2025 annual meeting of shareholders: George Mayes, Jr., Javier Polit and Laurie Tucker. Lakeview agrees with the conclusions reached by other investors and the two leading proxy advisory firms, which affirmed there is a need to remove long-standing directors with histories of voting for value-destructive acquisitions. In addition, Lakeview urges the board of directors to avoid further investor unrest by carrying out an accelerated strategic review that results in a sale at a meaningful premium.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWRD:
- Forward Air shareholders recommended to vote against legacy directors by ISS
- Irenic Capital to vote against some Forward Air board members
- Cautious Outlook on Forward Air Amid Integration and Profitability Challenges Justifies Hold Rating
- Forward Air price target lowered to $21 from $22 at Stifel
- Forward Air’s Mixed Earnings Call: Growth Amid Challenges