Shyft supplements proxy after two suits seek to block Aebi Schmidt merger

SHYFT GROUP, INC.

Two shareholder complaints (Hamilton, Thompson) filed May 27-28 in NY state court alleging proxy omissions; seek injunction.
Shyft denies merit but voluntarily supplements proxy; special meeting remains set for June 17, 2025.
Supplemental disclosures include Deutsche Bank DCF analysis at 13-14% WACC and advisory fee of ~$7.2M ($1.5M paid).
Executive retention: CEO Dunn likely not retained; CFO Sherbin plans to resign for Good Reason; retention awards for Sherbin and Farmer.

item 8.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.