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Stock impact report

TEGNA Applauds ISS Rejection of Soohyung Kim and His Campaign to Replace Leadership of TEGNA Board

TEGNA Inc (TGNA) 
Last tegna inc earnings: 2/11 08:01 am Check Earnings Report
US:NYSE Investor Relations: investors.tegna.com
Company Research Source: Business Wire
TYSONS, Va.--(BUSINESS WIRE)--TEGNA Inc. (NYSE: TGNA) today commented on a report by Institutional Shareholder Services Inc. (“ISS”) regarding the election of directors at TEGNA’s 2020 Annual Meeting of Shareholders.TEGNA applauds ISS’s rejection of Soohyung Kim and two other Standard General nominees and their campaign to replace the leadership of the TEGNA board. However, TEGNA disagrees with the recommendation to vote for one Standard General nominee.ISS says in its rejection of Mr. Kim: “Kim's role in pursuing a suboptimal deal while on the board of Media General is directly relevant to the situation at hand. Shareholders must also be concerned about the potentially heightened impact of boardroom dysfunction, given the current environment and the attendant need for management and the board to focus on navigating through the pandemic.”Oddly, ISS recommended for Colleen Brown, one of Mr. Kim’s nominees, as a supposed check on the Board’s evaluation of future acquisition proposal Show less Read more
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