Activist Client North Tide Capital “Wins Big Changes” to Healthways Board with Settlement Agreement
The Wall Street Journal, The Tennessean, and other national and regional news sources reported on the agreement that client North Tide Capital was able to reach with Healthways, Inc. for board representation. The Nashville-based provider of well-being improvement solutions has agreed to nominate three of North Tide’s director candidates at its upcoming 2014 Annual Meeting and to form a Strategic Review Committee that will be chaired by one of North Tide’s director candidates. The agreement ends the proxy contest launched by North Tide seeking four board seats at the 2014 Annual Meeting. Steve Wolosky, Andrew Freedman and Meagan Reda represented North Tide in connection with its proxy contest and settlement negotiation at Healthways.