Engine Capital Reaches Agreement with Fox Factory for Strategic Board Refresh

The Deal (subscription required) and Market Watch reported on the cooperation agreement between Olshan client Engine Capital and Fox Factory (Nasdaq: FOXF), pursuant to which the company will appoint two new independent directors, including Alan L. Bazaar, form a Transformation Committee to improve operations and margins, and accept two board retirements at the 2026 annual meeting. The Transformation Committee will oversee operational-improvement initiatives focused on profitability, working capital efficiency and disciplined capital allocation. Olshan Co-Managing Partner and Chair of the firm’s Shareholder Activism Practice Andrew Freedman and Shareholder Activism associate Nikoleta Holevas represented Engine Capital in connection with its investment in Fox Factory.