Apogee Enterprises Enters Cooperation Agreement with Engaged Capital
Apogee Enterprises Inc. entered into a Cooperation Agreement with Engaged Capital LLC and certain of its affiliates. As part of the Cooperation Agreement and the Company’s ongoing board refreshment process, Apogee will nominate three new independent director candidates for election to its board at the upcoming 2019 annual meeting of shareholders.
“Apogee’s board is committed to best-in-class governance, as demonstrated by our ongoing board refreshment process,” says Joseph F. Puishys, Apogee’s chief executive officer. “In addition to the four skilled directors we’ve added since 2016, we look forward to welcoming Christy, Frank, and Beth. Their relevant expertise and diverse perspectives will contribute greatly to the board in its critical role of guiding the Company forward. We appreciate the constructive engagement and support from Glenn Welling and Engaged Capital, one of our largest shareholders.”