Jana Partners Responds To Freshpet Board Director Resignation
Portfolio Pulse from Benzinga Newsdesk
JANA Partners, owning 9.5% of Freshpet (NASDAQ:FRPT), responds to the resignation of Freshpet director David Basto and criticizes the company's governance issues. JANA plans to nominate four candidates to Freshpet's Board at the 2023 Annual Meeting.
June 05, 2023 | 2:33 pm
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Freshpet's governance issues and director resignation may lead to board changes, as JANA Partners plans to nominate four candidates at the 2023 Annual Meeting.
JANA Partners' criticism of Freshpet's governance issues and the resignation of a director may lead to potential board changes. However, the short-term impact on the stock price is uncertain, as the outcome of the nominations and any subsequent changes will depend on the 2023 Annual Meeting.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100