Forward Air’s shareholders have approved the conversion of nonvoting preferred shares that were granted to Omni Logistics’ stakeholders as part of a merger between the two companies. That shareholder group, which mainly consists of Omni’s private equity backers, will now hold roughly 14 million shares, or 35% of the voting common equity.
A Tuesday filing with the Securities and Exchange Commission also showed that Forward’s (NASDAQ: FWRD) shareholders elected the 12-person slate of director...