Engine Capital’s Agreement with InnerWorkings Inc.

Olshan client Engine Capital has reached an agreement with Chicago-based marketing solutions company InnerWorkings Inc. involving the addition of two directors to its board and Innerworkings’ commitment to hire a consultant to review the company’s entire cost structure.

In addition to appointing Byline Bank Chief Financial Officer Lindsay Corby and PricewaterhouseCoopers Inc. Principal Adam Gutstein as directors, InnerWorkings has appointed lead independent director Jack Greenberg as chairman, and John Bosshart as Chief Accounting Officer.

Olshan advised Engine Capital with a team including Andrew Freedman (Picture) and associate Shawn Fateh.

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

Law Firms: Olshan Frome Wolosky LLP;

Clients: Engine Capital LP;


Author: Ambrogio Visconti