Engine Capital's Cooperation Agreement and Amendment with American Outdoor Brands (AOUT)
Key Summary: Engine Capital entered a Cooperation Agreement on August 7, 2022, resulting in Bradley T. Favreau joining the Board and Compensation Committee. A May 2023 amendment secured his re-election and continued role.In November 2021, Voss Capital disclosed a 4% stake, engaging with management to enhance shareholder value and address governance issues.
Market Cap: $130 million | American Outdoor Brands, Inc. provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally.
- On August 30, 2023, Engine Capital stated that on August 7, 2022, it had entered into a Cooperation and Support Agreement with the company. This agreement led to the addition of Bradley T. Favreau to the Board, and he was also appointed to the Compensation Committee. An amendment on May 24, 2023, specified that Mr. Favreau would be nominated for re-election at the 2023 Annual Meeting and continue serving on the Compensation Committee. Source
Past
- On November 29, 2021, Voss Capital disclosed a 4% stake and stated that it had engaged, and expected to continue engaging, in discussions with management and the Board regarding available opportunities to enhance stockholder value and certain corporate governance-related topic
Member discussion