Kanen Wealth Management’s Successful Agreement for Board Representation at Aqua Metals


Olshan advised Kanen on its nominations, proxy contest and ultimate settlement agreement with Aqua Metals.


Kanen Wealth Management has successfully reached an agreement with Aqua Metals, Inc. to strengthen the company’s Board of Directors and Management Team. Two new independent directors recommended by Kanen, Sushil (“Sam”) Kapoor and S. Shariq Yosufzai, have been appointed to the Board of Directors, with Mr. Yosufzai appointed as Non-Executive Chairman and lead independent director. The agreement also calls for Steve Cotton, the Company’s former Chief Commercial Officer, to rejoin Aqua Metals as its new President. Messrs. Yosufzai and Kapoor will serve alongside two incumbent directors on the CEO Search Committee.

Aqua Metals, Inc. operates lead acid battery recycling facilities. The company, led by Stephen Cotton and Francis Knuettel II in 2017 recorded $2.1 Million Revenues.

Olshan advised with a team including Andrew Freedman (Picture), Shawn Fateh and Mohammad Malik.

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

Law Firms: Olshan Frome Wolosky LLP;

Clients: Aqua Metals, Inc.;

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Author: Ambrogio Visconti