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BRIEF-Firstenergy Announces Agreement With Icahn Capital

· 03/16/2021 16:25
BRIEF-Firstenergy Announces Agreement With Icahn Capital

- FirstEnergy Corp FE.N:

  • FIRSTENERGY ANNOUNCES AGREEMENT WITH ICAHN CAPITAL

  • FIRSTENERGY CORP - ENTERED INTO AN AGREEMENT WITH ICAHN CAPITAL TO ADD TWO NEW MEMBERS TO COMPANY'S BOARD OF DIRECTORS

  • FIRSTENERGY CORP - FOLLOWING ADDITIONS, FIRSTENERGY'S BOARD WILL HAVE 14 DIRECTORS

  • FIRSTENERGY CORP - WILL APPOINT ANDREW TENO AND JESSE LYNN, BOTH OF WHOM ARE EMPLOYEES OF ICAHN CAPITAL, TO BOARD EFFECTIVE MARCH 18, 2021

  • FIRSTENERGY CORP - ICAHN CAPITAL TO SUPPORT ALL FIRSTENERGY NOMINEES FOR ELECTION AT 2021 ANNUAL MEETING

  • FIRSTENERGY CORP - AGREED TO INCLUDE TENO AND LYNN ON ITS RECOMMENDED SLATE OF NOMINEES FOR ELECTION AT UPCOMING 2021 ANNUAL MEETING OF SHAREHOLDERS

  • FIRSTENERGY CORP - AGREEMENT PROVIDES ICAHN, HIS ASSOCIATES WILL NOT EXERCISE SUBSTANTIAL INFLUENCE OR CONTROL OVER FIRSTENERGY OR ANY OF ITS UNITS

  • FIRSTENERGY CORP - AGREEMENT INCLUDES PROVISIONS REGARDING VOTING, STANDSTILL RESTRICTIONS, AND OTHER MATTERS

Source text for Eikon: ID:nPnbCZgZPa

Further company coverage: FE.N


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