BCOR - BCOR STOCK NEWS

Ancora Holdings, owning 3.4% of Blucora's shares, criticizes Blucora's recent antitrust analysis as a distraction amid their campaign to elect new board members at the April 21, 2021, stockholders' meeting. Ancora seeks to install Frederick D. DiSanto and others, emphasizing qualifications over character attacks. They argue Blucora's board is misusing funds on advisors and not engaging in settlement talks. Ancora's candidates promise collaboration and expertise in wealth management and tax services, aiming to enhance shareholder value.

Blucora (NASDAQ: BCOR) disclosed concerns regarding Fred DiSanto's potential election to its Board, citing violations of the Clayton Antitrust Act. An analysis by antitrust expert William J. Baer determined that DiSanto's board service would breach the Act due to competition with Ancora Holdings, where he is CEO. Blucora emphasized that DiSanto's history of non-compliance, including a SEC censure for 'pay-to-play' violations, raises serious questions about his suitability. The company urges stockholders to vote 'FOR' all its candidates on the BLUE proxy card.

Ancora Holdings, owning 3.4% of Blucora's stock, urges shareholders to support board changes at the upcoming April 21, 2021 meeting. Institutional Shareholder Services recommends voting for Ancora's nominee, Fredrick D. DiSanto, highlighting the need for shareholder representation. Concerns include poor financial performance, lack of strategic oversight, and insufficient evidence for CEO performance. Both ISS and Glass Lewis question the board's ability to generate shareholder value. DiSanto suggests collaboration with existing board members to improve results.

Ancora Holdings, which owns approximately 3.4% of Blucora's stock (NASDAQ: BCOR), criticized Blucora's Board for launching a campaign against nominee Frederick D. DiSanto. Ancora claims Blucora's actions undermine the company's governance and distract from its financial results. They are urging stockholders to support their proposed board members in the upcoming election on April 21, 2021. Ancora's nominees include financial experts with a commitment to collaboration. They have urged investors to utilize the WHITE Proxy Card to vote against the incumbent directors.

Blucora (NASDAQ: BCOR) mailed a letter to stockholders regarding the 2021 annual meeting scheduled for April 21, where the board urges support for its incumbent directors on the BLUE proxy card. The board emphasizes the potential growth of its tax and wealth management segments, especially after leadership changes initiated in 2019. Blucora remains opposed to Ancora's demand to sell its TaxAct business during a transitional period, arguing that such a move could devalue the company. The board is concerned about the impact of Ancora's proposed nominees on board expertise and corporate governance.

Ancora Holdings, which owns about 3.4% of Blucora's stock, is urging shareholders to elect its nominees to Blucora's Board at the Annual Meeting on April 21, 2021. Ancora criticizes Blucora's Board for poor governance practices, ineffective strategies, and unjustifiable executive compensation decisions. They argue that the current leadership has failed to engage with shareholders and has not effectively addressed the company's underperformance compared to peers. Ancora believes that electing its candidates will enhance corporate governance and long-term value for shareholders.

Blucora (NASDAQ: BCOR) has released an investor presentation urging stockholders to vote for its current Board of Directors in the upcoming April 21, 2021, annual meeting. The presentation outlines the Board's strategic initiatives for growth and dismisses Ancora's claims for director replacements as misleading. Key highlights include significant management changes, strategic reviews, and the Board's belief in superior value creation compared to Ancora's plans. Blucora emphasizes the importance of using the BLUE proxy card for voting.

Ancora Holdings, owning approximately 3.4% of Blucora (NASDAQ: BCOR), released a 73-page presentation advocating for board changes at Blucora. They propose to remove four incumbent directors and replace them with four qualified financial experts. Ancora criticizes the current board for mismanagement, bloated executive compensation (over $8 million for CEO Chris Walters), and a lack of strategic direction. Their vision includes focusing on Avantax, rebuilding trust with financial professionals, exploring alternatives for TaxAct, and establishing a disciplined capital allocation framework. They urge shareholders to vote on the WHITE Proxy Card.

Ancora Holdings, owning approximately 3.4% of Blucora (NASDAQ: BCOR), criticized the company's long-term strategy under CEO Chris Walters in a recent letter to stockholders. Ancora is seeking to elect four new board members at the upcoming Annual Meeting on April 21, 2021. They argue that Blucora's management has repeatedly failed to deliver on strategic promises, leading to a nearly 35% decline in stock value since 2017. Ancora urges stockholders to reject Blucora's claims of a viable new strategy and to consider the excessive compensation of its executives compared to industry peers.