Aerojet Rocketdyne Holdings, Inc. (AJRD)
- GlobeNewswire
Aerojet Rocketdyne Shareholders Elect New Board of Directors
EL SEGUNDO, Calif., July 06, 2022 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) announced today that a new board of directors was elected at a special meeting of shareholders held on June 30, 2022. Based on the certification of the independent inspector of elections, the new board consists of CEO Eileen P. Drake; incumbent independent directors Gen. Kevin Chilton (USAF, Ret.), Thomas Corcoran and Gen. Lance Lord (USAF, Ret.); and new independent directors Gail Baker, Marion
- Reuters
Aerojet investors end proxy fight with chairman by electing CEO's slate
Aerojet Rocketdyne shareholders on Thursday elected the eight-person board slate headed by Chief Executive Officer Eileen Drake, the company said in a statement, ending one of the most bitterly fought proxy contests of the year. The eight-person slate nominated by Executive Chairman Warren Lichtenstein received roughly 25% of the vote. Drake and Lichtenstein, whose Steel Partners and affiliates own more than 5% of the U.S. rocket maker's stock, have been battling each other since the collapse of a planned $4.4 billion merger with Lockheed Martin Corp earlier this year.
- Reuters
Aerojet investors poised to back CEO in board challenge from exec chair
Aerojet Rocketdyne shareholders are poised to elect a group of directors headed by the company's chief executive in a bitterly fought election where the company's executive chairman also sought control of the board, people familiar with the matter said on Wednesday. Chief executive Eileen Drake and Warren Lichtenstein, the executive chairman, each nominated eight director candidates for election to the U.S. rocket maker's board. The two have been battling each other since the collapse of a planned $4.4 billion merger with Lockheed Martin Corp earlier this year and both have sued each other in Delaware court.
