DocuSign (DOCU) CEO Dan Springer resigns amidst slowdown, and Red Robin (RRGB) CEO sets the stage for transition in this week’s exec moves.
Research & Analysis
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Activism, Governance, & Executive Moves
GGPI & Polestar Vote Finally Arrives as the Stock Spikes
GGPI shareholders go to vote on the latest EV SPAC deal. Warrant prices remain at their lows with no end in site. Plus the days’s biggest movers.
Weekly Executive & Director Moves (June 17)
FedEx (FDX) appoints new directors in conjunction with D.E. Shaw, and cbdMD (YBCD) CEO, accused of fraud, resigns.
Can Redfin Find Its Way to Profitability?
Redfin CEO Glenn Kelman says the real estate brokerage will post an operating profit this year. Headcount reductions are a good start, but there’s still plenty of work to do to stabilize troubling iBuying trends.
Governance Alert: FedEx
FedEx (FDX) is making some shareholder-friendly moves, including an over 50% dividend hike, adding two independent directors, and a TSR-based executive compensation metric. We applaud the changes, but now the real work begins. Can a new CEO and refreshed board improve margins?
5 Long-Tenured CEOs that Need to Turn Things Around
While COVID-related issues are abating, it’s no secret that many companies are still struggling to find their footing. We take a close-up look at 5 long-tenured CEOs (+ 1 co-CEO) that are facing big negative 3-year returns.
SPAC Analysis
Daily SPAC Update – October 12, 2024
IXAQ Extension Approved with 1.24M Redemptions. SVII and COOL SET Extension Votes. BHAC Moves to OTC. CLOE and LATG Adjourn Votes.
Daily SPAC Update – October 11, 2024
Rising Dragon and Cohen Circle SPAC IPOs. WAVS Shareholders Approve Extension. CLOE + Global Hydrogen Energy Deal Vote. BLAC Gets a PIPE.
Daily SPAC Update – October 10, 2024
SwiftMerger Acquisition (IVCP) Merger Amendment. Western Acquisition (WAVS) Non-Redemption Agreement. ALCY Extension Vote Set.
Daily SPAC Update – October 9, 2024
Insight Acquisition (INAQ) SPAC Deal Vote Postponed. IXAQ and WAVS SPAC Extension Votes.