05:53 PM EDT, 09/08/2025 (MT Newswires) -- FreightCar America ( RAIL ) reported late Monday that it has adopted a limited-duration stockholder rights plan to safeguard the interests of its shareholders and prevent hostile takeovers after a review of its ownership.

Also known as a poison pill, the plan was approved to ensure the long-term value of shareholder investment and to fend off any "potential efforts to obtain control of the Company" not in line with the shareholders, it said.

"Board determined it was appropriate to adopt a rights plan to promote the fair and equal treatment of all the Company's stockholders," said Chairman Jim Meyer.

The supplier of railroad freight cars implemented the plan starting Monday, which is set to expire on August 5, 2026.