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Ancora Holdings' push for change at Texas firm Blucora falls short

Ancora Holdings push for change at Texas firm Blucora falls short
Ancora Holdings push for change at Texas firm Blucora falls short
Can t win em all.
That describes the situation for Cleveland-based activist investor Ancora Holdings Inc., which had sought to seat four new board members at Irving, Texas-based Blucora Inc., only to see Blucora shareholders vote to reelect the financial services firm s 10 current board members. The vote was revealed at Blucora s annual meeting on Wednesday, April 21.
Reuters reports that 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 20 ....

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ISS Recommends Blucora Stockholders Vote For Boardroom Change on Ancora's WHITE Proxy Card

Press release content from Business Wire. The AP news staff was not involved in its creation.
ISS Recommends Blucora Stockholders Vote For Boardroom Change on Ancora’s WHITE Proxy Card
April 9, 2021 GMT
CLEVELAND (BUSINESS WIRE) Apr 9, 2021
Ancora Holdings, Inc. (together with its affiliates, “Ancora”), which collectively with the other participants in its solicitation beneficially owns approximately 3.4% of the outstanding common stock of Blucora, Inc. (NASDAQ: BCOR) (“Blucora” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”) is recommending that stockholders vote for change on the
WHITE proxy card. In its report, ISS has endorsed Ancora’s case for boardroom change, recommended for the election of wealth management expert and stockholder representative Fredrick D. DiSanto, and only recommends re-electing six current, unopposed members of the Board of Directors (the “Board”). In addition, Glass, L ....

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Ancora Comments on Blucora's Misleading Letter to Stockholders

Ancora Comments on Blucora's Misleading Letter to Stockholders
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Ancora Files Definitive Proxy Statement and Sends Letter to Blucora Stockholders

Ancora Files Definitive Proxy Statement and Sends Letter to Blucora Stockholders
financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.

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Ancora Nominates Four Highly-Qualified Candidates for Election to the Board of Blucora, Inc.

Press release content from Business Wire. The AP news staff was not involved in its creation.
Ancora Nominates Four Highly-Qualified Candidates for Election to the Board of Blucora, Inc.
February 25, 2021 GMT
CLEVELAND (BUSINESS WIRE) Feb 25, 2021
Ancora Holdings, Inc. (together with its affiliates, “Ancora”), which owns in the aggregate approximately 3.4% of the outstanding shares of Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR), today issued an open letter to stockholders and announced that it has nominated four highly-qualified candidates for election to the Company’s Board of Directors (the “Board”) at Blucora’s 2021 Annual Meeting of Stockholders (the “Annual Meeting”): Frederick D. DiSanto, Cindy Schulze Flynn, Robert D. MacKinlay and Kimberly Smith Spacek. ....

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