Avanos adds two directors in cooperation deal with activist Radoff

AVANOS MEDICAL, INC.

James Cunniff (CEO of Electromed) and William Burke (former EVP/CFO Haemonetics) nominated for board at 2026 annual meeting.
Bradley Radoff withdraws his director nomination and agrees to standstill and voting commitments through early 2027.
Agreement resolves potential proxy contest; Radoff expresses confidence in new directors and Avanos' future.
Board chair says Cunniff and Burke bring complementary operating and financial expertise to support strategy.

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