Horizon Global Announces Governance Initiatives to Align with Shareholders
Horizon Global Corporation Common Shares (HZN)
Last horizon global corporation common shares earnings: 3/16 06:30 am
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US:NYSE Investor Relations:
investors.horizonglobal.com
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Source: Business Wire
Board Moves to Accelerate Declassification of Board Structure Board Approves Significant Shift in Director Compensation from Cash to Equity TROY, Mich.--(BUSINESS WIRE)-- Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that its Board of Directors has unanimously approved an amendment to its amended and restated certificate of incorporation to immediately declassify its board structure. This amendment is subject to shareholder approval at the Company’s 2019 Annual Meeting and, if approved, all directors will stand for election in 2019 and every year going forward. The Company’s Board also unanimously approved revisions to its independent director compensation program to eliminate annual cash retainers. In lieu of annual cash retainers, independent directors will receive e
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