On December 11, 2023, Engine Capital Management, LP announced that it has entered into a Cooperation Agreement with Orthofix Medical Inc. Engine Capital stated that pursuant to the Cooperation Agreement, the Company agreed to appoint 3 new directors to the Company?s Board of Directors: Alan L. Bazaar, Michael M. Finegan, and Charles (Chuck) R. Kummeth. Engine Capital stated that the Company further agreed to (i) nominate, Alan L. Bazaar, Michael M. Finegan, and Charles (Chuck) R. Kummeth, for election to the Board at the 2024 annual meeting, (ii) ensure that 3 directors serving on the Board as of the date preceding the date of the Cooperation Agreement will not stand for re-election at the 2024 annual meeting, and (iii) appoint 1 of Alan L. Bazaar, Michael M. Finegan, and Charles (Chuck) R. Kummeth as Chair of the Board effective as of the conclusion of the 2024 annual meeting.
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14.52 USD | -2.55% | +9.67% | +7.72% |
01:00pm | Orthofix Medical Inc. Announces FDA 510(K) Clearance for the Rodeo Telescopic Nail | CI |
05-08 | Roth MKM Upgrades Orthofix Medical to Buy From Neutral With $20 Price Target | MT |
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+7.72% | 559M | |
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+2.41% | 40.95B | |
+6.05% | 26.8B | |
+4.24% | 26.71B | |
+12.66% | 24.62B |
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