TEGNA Comments on Standard General’s Nomination of Directors
TEGNA Inc (TGNA)
Last tegna inc earnings: 2/11 08:01 am
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Source: Business Wire
TYSONS, Va.--(BUSINESS WIRE)--TEGNA Inc. (NYSE: TGNA) issued the following statement regarding today’s announcement by Standard General LP that it has nominated Soohyung Kim, its Managing Partner and Chief Investment Officer, and three other candidates for election to TEGNA’s Board of Directors at the 2020 Annual Meeting of Shareholders:“Since Standard General disclosed its investment in TEGNA, our Board and management team have held multiple meetings with Mr. Kim to learn about his perspective on TEGNA. In those meetings, Mr. Kim demanded a Board seat for himself but offered no specific ideas to create value – only statements that if he were on the Board, he would have a unique ability to source and execute ‘transformative’ M&A.Recent press accounts in which Mr. Kim implies that he was ‘stonewalled’ by TEGNA regarding M&A are patently false. Mr. Kim has not suggested any transactions to us, and our Board and management team have a track record that demonstrates their openness to
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TGNA
Earnings
- 11/7/24 - Beat
TGNA
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- TGNA's page on the SEC website