On January 22, 2019, Ashland Global Holdings Inc. announced that it has reached an agreement with Cruiser Capital Master Fund LP pursuant to which the Company would consult with Cruiser Capital, in addition to its other shareholders, on the previously announced search for 2 new independent directors to be appointed to the Company’s board. The Company stated that it would also appoint William H. Joyce as a consultant to the Company on operations-related matters. The Company also stated that as part of the agreement, Cruiser Capital would withdraw its slate of director nominees and vote all of its shares in favor of each of the Company’s board nominees and proposals at the 2019 annual meeting of stockholders, scheduled to be held on February 8, 2019. The Company added that the board of directors would appoint 1 or both of Craig A. Rogerson and Jerome A. Peribere to the Governance and Nominating Committee of the board following the 2019 annual meeting.