Ancora Advisors’ Agreement with Element Fleet on Board Representation


Olshan client Ancora Advisors, and two other shareholders, has entered into separate agreements with Element Fleet Management Corp.

Pursuant to the agreements, Element Fleet appointed two new independent directors, Rubin McDougal and Keith Graham, and will nominate two additional directors, Andrew Clarke and Alexander Greene, for election at the company’s upcoming Annual Meeting.

Element Fleet Management Corp. operates as a fleet management company in Canada, the United States, and internationally.

Ancora Advisors, LLC is an employee owned investment manager. The firm, led by Frederick David DiSanto and Dan Hyland primarily provides its services to high net worth individuals.

Olshan advised Ancora Advisors with a team led by Andrew Freedman (Picture).

Involved fees earner: Andrew Freedman – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Ancora Advisors, LLC;

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Author: Ambrogio Visconti