Shareholder Activist EHS Pressures TrueBlue Board for Deeper Changes

Reuters01-08
Shareholder Activist EHS Pressures <a href="https://laohu8.com/S/TBI">TrueBlue</a> Board for Deeper Changes

Shareholder activism has intensified at TrueBlue Inc. following the announcement by EHS Management, LLC, a significant shareholder, of its intention to nominate three highly qualified director candidates for election to the company's board. EHS raised concerns about the effectiveness of TrueBlue's current board refreshment efforts, arguing that the recent addition of new directors does not sufficiently address persistent gaps in board expertise and independence. EHS also questioned the board's commitment to meaningful change, citing minimal insider ownership among independent directors and the lack of disclosure regarding which incumbents would step down. EHS emphasized that shareholders should have the opportunity to decide on the level of board refreshment needed to improve the company's performance and oversight.

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