Olshan Engaged Capital Wins Two Board Seats at Benchmark Electronics
Bloomberg, Reuters and other media sources reported on Olshan client Engaged Capital’s successful proxy contest at Benchmark Electronics Inc., in which two Engaged nominees were overwhelming elected by shareholders to the Board. Benchmark shareholders voted in favor of Engaged nominee’s, Robert K. Gifford and Jeffrey S. McCreary, at the annual meeting of shareholders. During the activist campaign, Engaged criticized Benchmark’s inefficient use of working capital and unsophisticated approach to capital allocation. Steve Wolosky and Meagan Reda represented Engaged Capital in connection with the contested proxy solicitation at Benchmark Electronics.