Settlement Negotiation at Rentech
Engaged Capital and Lone Star Value Management
Counseled Concerned Rentech Shareholders (led by Engaged Capital and Lone Star Value Management) in connection with its activist campaign and settlement negotiation at Rentech. The settlement agreement established a Finance Committee responsible for approving significant capital expenditures, reviewing and taking action to reduce Rentech’s cost structure, and reviewing the Company’s executive compensation practices. Rentech also agreed to nominate a director candidate approved by Concerned Rentech Shareholders at its upcoming annual meeting of shareholders, or to appoint such director candidate shortly thereafter.