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RTI Surgical said today it is distributing proxy material urging shareholders to “protect their investment” in RTI and fend off a proxy challenge from Krensavage Partners.
In February, RTI surgical said that hedge fund group Krensavage Partners purchased approximately 3.4 million shares of stock, representing a total 6% of the company, and nominated 4 healthcare vets for the board which will be up for election at the company’s 2016 annual shareholders meeting.
RTI Surgical urged its shareholders to vote for Peter Gearen, Brian Hutchison, Thomas McEachin, Jonathon Singer, Paul Thomas, Nicholas Valeriani and Shirley Weis as board directors – all existing directors for the company.
