American Vanguard sends letter urging stockholders to vote for its board slate amid proxy contest

AMERICAN VANGUARD CORP

Stock YTD up 37% vs Russell 2000 down 19% as of May 20, 2022.
Board to appoint at least two new independent directors by end-2023, including an audit financial expert.
One incumbent director to retire by end-2022; another by end-2023.
Annual Meeting on June 1, 2022; company criticizes activist Cruiser for lacking a specific plan.
Q1 2022 significantly exceeded targets; mid-double-digit growth anticipated for full year 2022.

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