C.H. Robinson settles with Ancora: will renominate Winship and Maier, averts proxy fight

C. H. ROBINSON WORLDWIDE, INC.

Board commits to renominate incumbent directors Henry W. Winship and Henry J. Maier at 2024 annual meeting.
Ancora agrees not to nominate any other candidates, make proposals, or solicit proxies at that meeting.
If Board fails to renominate, it must take measures (e.g. amend bylaws, postpone meeting) to allow Ancora to nominate.
Letter agreement is not a standstill; Ancora retains rights outside the 2024 meeting nomination restrictions.

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 Letter Agreement with Ancora Catalyst Institutional, LP (effective 2023-12-29).

Action: entry
Agreement: settlement
Counterparty: Ancora Catalyst Institutional, LP
Effective: 2023-12-29

Exact text from the filing

On December 29, 2023, C.H. Robinson Worldwide, Inc. (the “Company”) entered into a letter agreement (the “Letter Agreement”) with Ancora Catalyst Institutional, LP and its affiliates party thereto.

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

Source: SEC EDGAR

accession 0001193125-23-305971

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