NYSE:TNCMachinery
Board Shakeup and Governance Pact Could Be A Game Changer For Tennant (TNC)
Tennant Company recently added James T. Glerum, Jr. and Patrick Allen to its Board as independent directors, expanding the Board to 11 members, 10 of whom are independent, and entered a cooperation and standstill agreement with shareholder Vision One while committing to propose Board declassification in the 2027 proxy.
The appointments bring deep investment banking and aerospace finance experience onto Tennant’s Board and signal a meaningful shift in the company’s corporate governance...