Bradley L. Radoff increased his stake after reaching agreement with Newpark Resources (NR)
Market Cap: $280 million | Newpark Resources, Inc. supplies products, as well as rentals and services primarily to the oil and natural gas exploration and production industry.
On February 9, 2022, Bradley L. Radoff disclosed a 5.5% active stake in the company and stated that he has engaged and intends to continue to engage, in communications with the management team and Board regarding means to enhance stockholder value and improve corporate governance. Source
On February 17, 2022, the company announced that it has entered into a cooperation agreement with Bradley L. Radoff, pursuant to which Donald "Donnie" Young will be appointed to the Board, effective March 1, 2022. With Mr. Young's appointment, the Board will increase in size by one director. In addition, as part of the Cooperation Agreement, the Company agreed to nominate a diverse candidate with either transactional or industrials expertise for election to the Board at the 2022 AGM in place of an incumbent director who will not stand for re-election.
On July 6, 2022, Bradley L. Radoff increased his stake to 7.8%.
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