Carronade Capital Pushes for Board Overhaul at Cannae Holdings Ahead of Shareholder Vote

Reuters12-10

Carronade Capital Pushes for Board Overhaul at Cannae Holdings Ahead of Shareholder Vote

Cannae Holdings Inc. is facing shareholder activism ahead of its 2025 Annual Meeting of Shareholders, scheduled for December 12. Carronade Capital Master, LP, a major shareholder with approximately 3.2 million shares, has called on fellow shareholders to vote for its four director nominees-Mona Aboelnaga, Benjamin Duster, Dennis Prieto, and Chérie Schaible-using the GOLD proxy card. Carronade Capital is urging shareholders to withhold votes from the company's nominees: Erika Meinhardt, Barry B. Moullet, James B. Stallings, Jr., and Frank P. Willey. The activist investor argues that its nominees offer independent oversight and the potential for improved corporate governance and accountability. Leading proxy advisory firms ISS, Glass Lewis, and Egan-Jones have reportedly recommended voting for Carronade's nominees. Carronade Capital has criticized the current board for underperformance and governance practices, citing negative shareholder returns over the past five years.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cannae Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9600051) on December 10, 2025, and is solely responsible for the information contained therein.

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Carronade Capital Master, LP, a major shareholder with approximately 3.2 million shares, has called on fellow shareholders to vote for its four director nominees-Mona Aboelnaga, Benjamin Duster, Dennis Prieto, and Chérie Schaible-using the GOLD proxy card. Carronade Capital is urging shareholders to withhold votes from the company's nominees: Erika Meinhardt, Barry B. Moullet, James B. Stallings, Jr., and Frank P. Willey. The activist investor argues that its nominees offer independent oversight and the potential for improved corporate governance and accountability. Leading proxy advisory firms ISS, Glass Lewis, and Egan-Jones have reportedly recommended voting for Carronade's nominees. Carronade Capital has criticized the current board for underperformance and governance practices, citing negative shareholder returns over the past five years.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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