Agreement to Elect Two Shareholder-Recommended Directors at Stewart Information Services
Foundation Asset Management and Engine Capital
Represented Foundation Asset Management and Engine Capital in their leadership of a shareholder group that entered into an agreement with Stewart Information Services Corp for the nomination of two independent directors recommended by the shareholder group, including Arnaud Ajdler, managing partner of Engine Capital, for election to the board of directors at the upcoming 2014 Annual Meeting. Stewart vowed, among other things, to cut pretax costs by $25 million annually and begin hosting earnings calls starting with this year’s first quarter.