Forward Air Could Have More Activist Investor Drama on the Horizon [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
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Source: Yahoo! Finance
Logistics , and an activist investor may be looking to force action to reshape the new company. Irenic Capital Management has built a stake of nearly 5 percent in Forward Air, according to a report from the Wall Street Journal. The move could signal another set of changes to a company that already saw its pre-acquisition CEO Tom Schmitt leave the position in February. More from Sourcing Journal Gildan's Board Battle Could Cost Firm $65 Million Norfolk Southern Forks Over $310 Million in Federal Settlement Chain Reaction: Ninaad Acharya of Fulfillment IQ on How Effective Planning Can Streamline Operations According to the WSJ, Irenic privately sent a letter to Forward Air's directors this month calling for a board shakeup and a strategic review to consider a range of options including a sale. This is the second time since late 2023 where an activist investor sought changes at the company, when Ancora Holdings called for Forward Air to replace Schmitt and some of its board
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FWRD
News
- TFI acquires food-grade tank hauler [Yahoo! Finance]Yahoo! Finance
- Forward Air Cuts Staff in Post-Merger Restructuring [Yahoo! Finance]Yahoo! Finance
- Check Call: Mo' money, mo' problems for brokers [Yahoo! Finance]Yahoo! Finance
- Forward Air cuts workforce as it navigates post-merger landscape [Yahoo! Finance]Yahoo! Finance
- Forward Air's board rewarded for destroying shareholder value [Yahoo! Finance]Yahoo! Finance
FWRD
Earnings
- 5/8/24 - Miss
FWRD
Sec Filings
- 6/17/24 - Form S-8
- 6/13/24 - Form SC
- 6/10/24 - Form S-1
- FWRD's page on the SEC website