CH Robinson extends cooperation with Ancora/Pacific Point, retains board seats, makes capital committee standing

C. H. ROBINSON WORLDWIDE, INC.

New Cooperation Agreement with Investor Group (Ancora Catalyst, Pacific Point) extends standstill through 2024 annual meeting period.
Jay Winship and Henry Maier remain on Board and will be included in Company’s 2023 slate of nominees for election.
Capital Allocation and Planning Committee made a standing committee of the Board; Winship continues as Chair.
Board size capped at 12 directors without prior written consent of the Investor Group.
Investor Group agrees to vote in favor of Board recommendations at the 2023 annual meeting (subject to ISS/Glass Lewis exceptions).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

C. H. ROBINSON WORLDWIDE, INC. entered into Cooperation Agreement with Ancora Catalyst Institutional, LP, Pacific Point Advisors, LLC, and other entities and natural persons party thereto (collectively, the "Investor Group") (effective 2023-01-06).

Action: entry
Counterparty: Ancora Catalyst Institutional, LP, Pacific Point Advisors, LLC, and other entities and natural persons party thereto (collectively, the "Investor Group")
Effective: 2023-01-06

Exact text from the filing

On January 6, 2023, C.H. Robinson Worldwide, Inc. (the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Ancora Catalyst Institutional, LP, Pacific Point Advisors, LLC, and the other entities and natural persons party thereto (collectively, the “Investor Group”).

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197 material agreements filed in the last 30 days. Browse all material agreements →

C. H. ROBINSON WORLDWIDE, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-003544

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