Activist Browning West Takes 4% CAE Stake to Sway CEO Succession [Yahoo! Finance Canada]
CAE Inc. Ordinary Shares (CAE)
Last cae inc. ordinary shares earnings: 2/7 08:23 am
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Source: Yahoo! Finance Canada
flight simulator company CAE Inc. and wants a say in picking its next chief executive officer. Most Read from Bloomberg The Los Angeles-based money manager sent a letter to CAE's board on Friday, complimenting the company's “enviable market position” but stressing that it has underperformed. CEO Marc Parent recently announced his retirement after 15 years. The choice of CAE's next boss is “critical” to realize its potential, Browning West partners Usman Nabi and Peter Lee wrote, urging directors “not to act hastily in its CEO search, but rather to engage with us to collectively recruit the best possible leader.” CAE said in November that Parent will leave at the next annual shareholder meeting, scheduled for August. Its shares have slipped about 4% over the last five years versus a 43% rise in the S&P/TSX Composite Index over the same period. The company sells flight simulators and other pilot-training tools. Browning West, founded in 2019, is fresh off a high-profile activi
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CAE
News
- Browning West Releases Letter to CAE Inc. Board of Directors [Yahoo! Finance]Yahoo! Finance
- Browning West Releases Letter to CAE Inc. Board of DirectorsGlobeNewswire
- CAE Inc. (TSE:CAE) Shares Could Be 37% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- CAE employees, union, and partners once again raise over a million dollars for Centraide (United Way) [Yahoo! Finance]Yahoo! Finance
- CAE employees, union, and partners once again raise over a million dollars for Centraide (United Way) [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CAE
Earnings
- 11/12/24 - Beat
CAE
Sec Filings
- 11/13/24 - Form SC
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- CAE's page on the SEC website