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Leading Independent Proxy Advisory Firm ISS Recommends TEGNA Shareholders Vote “FOR” ALL 12 TEGNA Director Nominees

Nachrichtenquelle: Business Wire (engl.)
22.04.2021, 22:59  |  120   |   |   

TEGNA Inc. (NYSE: TGNA) today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) recommends that TEGNA shareholders vote on the GOLD proxy card “FOR” all 12 of TEGNA’s director nominees at the Annual Meeting of Shareholders on May 7, 2021.

Howard Elias, Chairman of the Board, said, “We are pleased that ISS recommends that TEGNA shareholders support our highly qualified, diverse and engaged directors. ISS’ support recognizes the Board’s important role in actively overseeing the successful execution of TEGNA’s value creation strategy and ensuring we continue to make progress advancing our ESG and DE&I objectives. We encourage TEGNA shareholders to follow ISS’ recommendation and vote for all of TEGNA’s nominees on the gold proxy card.”

In making its recommendation, ISS noted:

  • “Given that the dissident's primary demand is an operational review with an eye to improving performance when the company has already and is expected to continue posting median-beating results, it is difficult to see how the dissident has made a convincing case for change.”
  • “… this is not a board that has been caught flatfooted or is reactive regarding issues of diversity and inclusion. The board's makeup is diverse. The company hired a chief diversity officer in September 2020 who reports directly to CEO Lougee. The board's committees all revised their charters before early December 2020 to publicly codify that each board committee member has diversity and inclusion oversight responsibilities.”

We encourage shareholders to vote to reelect TEGNA’s highly qualified, engaged and diverse directors using the GOLD proxy card so that the Board and management team can continue to execute the company’s strategy to maximize value for ALL shareholders. Discard any white proxy cards received.

Please visit TEGNAvalue.com for additional materials about TEGNA’s 2021 Annual Meeting of Shareholders on May 7, 2021.

YOUR VOTE IS IMPORTANT, NO MATTER HOW MANY SHARES YOU OWN

If you have questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies:

 

INNISFREE M&A INCORPORATED

 

Shareholders may call:

(877) 687-1865 (toll-free from the U.S. and Canada), or

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Disclaimer

Leading Independent Proxy Advisory Firm ISS Recommends TEGNA Shareholders Vote “FOR” ALL 12 TEGNA Director Nominees TEGNA Inc. (NYSE: TGNA) today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) recommends that TEGNA shareholders vote on the GOLD proxy card “FOR” all 12 of TEGNA’s director nominees at the …

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