Blucora shareholders re-elect board, reject four Ancora nomi

Blucora shareholders re-elect board, reject four Ancora nominees


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BOSTON (Reuters) - Blucora Inc shareholders voted to re-elect the financial services firm’s 10 current board members, rejecting dissident investor Ancora Holdings’ proposal to seat four newcomers, the company said on Wednesday.
Irving, Texas-based Blucora had told shareholders, which include large index funds and hedge funds, that its directors were better qualified to lead the company and that a number of recently made changes were beginning to bear fruit.
The company replaced the chief executive and chief financial officers last year amid concerns about performance, positioned the company’s two tax-focused businesses for long-term growth, and added new independent directors in 2020 and 2021.

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