Activist investor alters 5 seats on Forward Air board

Activists reach agreement with Forward

An activist investor group led by Ancora Advisors has effected change to five seats on asset-light trucking and logistics company Forward Air’s (NASDAQ: FWRD) board.

Forward announced Monday after the market close that it has “appointed five independent and highly qualified directors” in connection with an agreement with Ancora. The directors will join the board immediately and stand for election at the annual meeting on May 19.

New agreement brings back former leadership

The cooperation agreement...

https://www.freightwaves.com/news/investor-activism-alters-5-seats-on-forward-air-board

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