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Enhabit Says ISS Recommends Majority of Director Nominees Amid Proxy Battle with AREX Capital
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Enhabit Says ISS Recommends Majority of Director Nominees Amid Proxy Battle with AREX Capital
Jul 12, 2024 4:55 AM

07:29 AM EDT, 07/12/2024 (MT Newswires) -- Enhabit ( EHAB ) said Friday that Institutional Shareholder Services has recommended that stockholders vote in favor of a majority of its director nominees.

The recommendation comes amid a proxy fight with shareholder AREX Capital Management, which has urged shareholders to support its seven board nominees at the upcoming annual meeting on July 25.

The company said it appreciated ISS's recommendation but disagreed with the proxy advisory firm's advice regarding Gregory Rush, Erin Hoeflinger, and Susan La Monica.

The company said, "critical experience would be lost by replacing these directors with AREX's nominees".

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