{"id":860093,"date":"2025-06-12T09:29:55","date_gmt":"2025-06-12T13:29:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\/"},"modified":"2025-06-12T09:29:55","modified_gmt":"2025-06-12T13:29:55","slug":"ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\/","title":{"rendered":"Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed"},"content":{"rendered":"

<\/p>\n

Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed<\/b><\/p>\n

Highlights That a Majority of Unaffiliated Shareholders Voted Against the Reelection of Chairman George Mayes, Jr., Director Javier Polit and Director Laurie Tucker<\/i><\/p>\n

Believes Shareholders Have Sent a Loud and Clear Message About the Board\u2019s Track Record of Value Destruction<\/i><\/p>\n

Reiterates View That Shareholders Want a Value-Maximizing Sale<\/i><\/p>\n

CLEVELAND–(BUSINESS WIRE<\/a>)–
\nAncora Holdings Group, LLC (together with its affiliates, \u201cAncora\u201d or \u201cwe\u201d), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (\u201cForward Air\u201d or the \u201cCompany\u201d), today issued the following statement regarding the announced voting results of the Company\u2019s 2025 Annual Meeting of Shareholders.<\/p>\n

\u201cThis vote is a clear mandate that shareholders expect Forward Air to expeditiously complete a credible strategic review that leads to a sale at a meaningful premium. Absent the more than 30% of shares that were legally committed to vote for the incumbent Board, Chairman George Mayes, Jr., Javier Polit, and Laurie Tucker lost in a landslide, highlighting the substantial level of concern regarding the legitimacy of the Board\u2019s strategic review. We believe the resignations of these legacy directors will empower the Board to carry out a thorough assessment of value-maximizing opportunities.\u201d<\/i><\/p>\n

About Ancora<\/span><\/b><\/p>\n

\nFounded in 2003, Ancora Holdings Group, LLC offers integrated investment advisory, wealth management, retirement plan services and insurance solutions to individuals and institutions across the United States. The firm is a long-term supporter of union labor and has a history of working with union groups and public pension plans to deliver long-term value. Ancora\u2019s comprehensive service offering is complemented by a dedicated team that has the breadth of expertise and operational structure of a global institution, with the responsiveness and flexibility of a boutique firm. Ancora Alternatives is the alternative asset management division of Ancora Holdings Group, investing across three primary strategies: activism, multi-strategy and commodities. For more information about Ancora Alternatives, please visit www.ancoraalts.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250612468848\/en\/<\/a><\/span><\/p>\n

\nLongacre Square Partners LLC
\n
Greg Marose \/ Bela Kirpalani, 646-386-0091 gmarose@longacresquare.com<\/a> \/ bkirpalani@longacresquare.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Ohio<\/p>\n

INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed Highlights That a Majority of Unaffiliated Shareholders Voted Against the Reelection of Chairman George Mayes, Jr., Director Javier Polit and Director Laurie Tucker Believes Shareholders Have Sent a Loud and Clear Message About the Board\u2019s Track Record of Value Destruction Reiterates View That Shareholders Want a Value-Maximizing Sale CLEVELAND–(BUSINESS WIRE)– Ancora Holdings Group, LLC (together with its affiliates, \u201cAncora\u201d or \u201cwe\u201d), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (\u201cForward Air\u201d or the \u201cCompany\u201d), today issued the following statement regarding the announced voting results of the Company\u2019s 2025 Annual Meeting of Shareholders. \u201cThis vote is a clear mandate that shareholders expect Forward … <\/p>\n

Continue reading “Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-860093","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAncora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed Highlights That a Majority of Unaffiliated Shareholders Voted Against the Reelection of Chairman George Mayes, Jr., Director Javier Polit and Director Laurie Tucker Believes Shareholders Have Sent a Loud and Clear Message About the Board\u2019s Track Record of Value Destruction Reiterates View That Shareholders Want a Value-Maximizing Sale CLEVELAND–(BUSINESS WIRE)– Ancora Holdings Group, LLC (together with its affiliates, \u201cAncora\u201d or \u201cwe\u201d), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (\u201cForward Air\u201d or the \u201cCompany\u201d), today issued the following statement regarding the announced voting results of the Company\u2019s 2025 Annual Meeting of Shareholders. \u201cThis vote is a clear mandate that shareholders expect Forward … Continue reading "Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-12T13:29:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250612468848r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed\",\"datePublished\":\"2025-06-12T13:29:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\\\/\"},\"wordCount\":384,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250612468848r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-clear-mandate-from-forward-air-shareholders-that-a-well-run-sale-process-is-urgently-needed\\\/\",\"name\":\"Ancora Comments on Clear Mandate from Forward Air Shareholders That a Well-Run Sale Process is Urgently Needed - 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