Ancora Holdings Obtains Board Representation at C.H. Robinson Worldwide
Olshan client Ancora Holdings Group, LLC reached an agreement with C.H. Robinson Worldwide, Inc., a Fortune 500 provider of multimodal transportation services and third-party logistics. Pursuant to the agreement, Jay Winship and Henry Maier were named as independent directors to the Board of Directors. In addition, a third independent director candidate is expected to be nominated for election at the 2022 Annual Meeting of Shareholders, in which Ancora has agreed to support the Board's full slate of directors, including customary standstill, voting and other provisions. Steve Wolosky, Elizabeth Gonzalez-Sussman and Ian Engoron represented Ancora in connection with its investment in C.H. Robinson.