Management ChangeApr 29, 2026, 04:57 PM
FWRD: Two Directors Not Seeking Re-election; Board Size Reduced to 5
AI Summary
FORWARD AIR CORP announced that directors Charles L. Anderson and Robert L. Edwards, Jr. will not seek re-election at the upcoming June 17, 2026 Annual Meeting. Both directors were designated by Ridgemont Equity Partners, which does not plan to nominate replacements for this election but reserves future designation rights. Their decision was not due to any disagreement with the company. Following the Annual Meeting, the Board will reduce its size from seven to five directors.
Key Highlights
- Charles L. Anderson and Robert L. Edwards, Jr. will not stand for re-election at the 2026 Annual Meeting.
- Both directors were designated by Ridgemont Equity Partners.
- Their decision not to seek re-election was not due to any disagreement with the Company.
- Ridgemont Equity Partners reserves its director designation rights for future elections.
- The Board will reduce its size from seven to five directors, effective after the 2026 Annual Meeting.
Price Impact
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