Ancora Urges Shareholders to Oust Forward Air Chair on Omni Deal, Slow Sale Process

Ancora launches ‘withhold’ campaign at Forward Air amid strategic review stalemate

Activist hedge fund Ancora Holdings is calling for a boardroom shakeup at logistics firm Forward Air, targeting three directors for removal amid ongoing frustration over strategic missteps and a collapsing share price, according to a report by Reuters. The report cites a letter to shareholders seen by Reuters, as revealing that Ancora has urged investors to withhold votes for Chairman George Mayes and directors Javier Polit and Laurie Tucker at …

Ancora Urges Shareholders to Oust Forward Air Chair on Omni Deal, Slow Sale Process

Activist investor Ancora Holdings is calling on shareholders of Forward Air Corporation to sack chairman George Mayes and two other board members.

Minority holder Ancora urges Forward Air investors to vote 'against three unfit legacy directors at 2025 AGM' - The Loadstar

PRESS RELEASE Ancora Issues Letter to Forward Air Shareholders Regarding the Need to Vote AGAINST Three Unfit Legacy Directors at 2025 Annual Meeting May 7, 2025 9:00 AM Eastern Daylight Time Announces Intent to Vote AGAINST Chairman George S. Mayes, Jr., Director Javier Polit and Director Laurie A. Tucker Believes These Directors Cannot be Trusted to Support a Credible Strategic Review Given Their Egregious M&A Records – Including on the Omni A…