Legion Partners’ Agreement with NN, Inc. for Board Representation and Governance Improvements


Olshan advised Legion Partners Asset Management on the contest

Legion Partners Asset Management reached an agreement with NN, Inc. pursuant to which two independent directors, Jeri Harman and Janice Stipp, were appointed to NN’s Board, effective immediately.

NN also agreed to submit a proposal to declassify its Board at the upcoming 2019 annual meeting.

NN, Inc., a diversified industrial company, The company, led by Richard D Holder in 2018 recorded $770 Million revenues.

Olshan advised Legion Partners Asset Management with a team including Steve Wolosky, Elizabeth Gonzalez-Sussman and Ryan Nebel.

Involved fees earner: Elizabeth Gonzalez-Sussman – Olshan Frome Wolosky LLP; Ryan Nebel – Olshan Frome Wolosky LLP; Steve Wolosky – Olshan Frome Wolosky LLP;

Law Firms: Olshan Frome Wolosky LLP;

Clients: Legion Partners Asset Management;

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Author: Ambrogio Visconti