ISS Recommends Withholding Support for Ian Read and Corporate Changes at Empery Digital
1 report, 1 independent
Updated Sep 1
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What happened
Institutional Shareholder Services (ISS) recommended that stockholders withhold support from incumbent directors Ian Read and Orn Olason regarding Empery Digital's board elections. ISS concluded that ATG Capital had made a compelling case for change at Empery Digital. The firm stated that the Board's rejection of ATG Capital's nominees was an "Unjustified Substitution of the Board's Judgment for That of Shareholders” and that the Board's functioning had been "Less Than Robust."
From manilatimes.net
Why it matters
The recommendation targets the board elections scheduled for the Annual Meeting of Stockholders on October 14, 2026. ISS also advised stockholders to vote against the company's Equity Incentive Plan.
From manilatimes.net