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Proxy advisor Glass Lewis backs SilverBow nominees in Kimmeridge board spat
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Proxy advisor Glass Lewis backs SilverBow nominees in Kimmeridge board spat
May 9, 2024 7:00 AM

May 9 (Reuters) - Proxy advisor Glass Lewis on Thursday

recommended shareholders of SilverBow Resources ( SBOW ) vote

for the company's board nominees, and withhold support for

directors backed by activist investment firm Kimmeridge Energy

Management.

Kimmeridge, the largest shareholder in SilverBow, is aiming

to seat three new independent directors at the oil and gas

producer's annual shareholder meeting on May 21, charging the

company needs to revamp its governance and improve performance.

However, Glass Lewis said it recommended backing the three

director nominees submitted by SilverBow, and shareholders

should withhold votes for the Kimmeridge-supported nominees,

according to a copy of its report seen by Reuters.

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