The Irrevocable Trust for Raymond Ni withdrew director nomination at HF Foods Group (HFFG)
Market Cap: $197 million | HF Foods Group Inc., through its subsidiaries, markets and distributes fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States.
On May 5, 2023, The Irrevocable Trust for Raymond Ni (11.2%) filed proxy materials nominating five director candidates for election to the board at the 2023 AGM.
On May 12, 2023, The Irrevocable Trust for Raymond Ni determined to withdraw its slate of nominees for election to the Board at the annual meeting. It stated that the board’s rejection of its nominations, without identifying any specific deficiencies in the nomination notice, has only strengthened its concerns. As such, it stated that it will not hesitate to take any actions that it believes are necessary to protect the best interests of stockholders. Source
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