Concerned Shareholders of Cano Health Issue Presentation to Underscore the Urgent Need for Changes in Leadership and Strategy Following Massive Value Destruction at the Company
- The Group holds an approximately 35% equity stake in Cano
- None.
Details the Ways in Which Dr. Alan Muney, Chair of the Compensation Committee, and Kim Rivera, Chair of the Nominating and Corporate Governance Committee, Have Failed Stockholders
Urges Stockholders to Help Initiate a Turnaround by WITHHOLDING Support for Dr. Muney and Ms. Rivera – the Only Directors Standing for Re-Election at the Annual Meeting
Reiterates Parties are Awaiting a Resolution of Litigation to Compel the Company to Reopen Window for Nominating Director Candidates and Making Proposals
DOWNLOAD AND READ THE GROUP’S PRESENTATION BY CLICKING HERE.
As a reminder, the Group has also submitted a notice to Cano to nominate two highly qualified, independent candidates – Joseph Berardo, Jr. and Guy P. Sansone – for election to the Board at the Annual Meeting. Messrs. Berardo and Sansone possess significant healthcare services experience as well as backgrounds in corporate governance, capital allocation, transactions and strategic planning. The Group also submitted a business proposal to give stockholders the opportunity to vote on the removal of Dr. Marlow Hernandez, the Company’s Chief Executive Officer, from the Board for cause at the Annual Meeting.
Stockholders’ ability to vote on the election of the Group’s director candidates and its other proposal at the Annual Meeting is dependent on the success of its previously disclosed action in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20230530005620/en/
Investors:
HKL & Co., LLC
Peter Harkins, Jr. / Jordan Kovler
Toll-Free: (800) 326-5997
CANO@hklco.com
Media:
Longacre Square Partners
Charlotte Kiaie / Greg Marose, 646-386-0091
ckiaie@longacresquare.com / gmarose@longacresquare.com
Source: InTandem Capital Partners, LLC
FAQ
Who recently resigned from the Board of Directors of Cano Health, Inc?
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