GLDD Appoints Ryan Levenson to Board of Directors

The Board of Directors of Great Lakes Dredge & Dock Corporation (GLDD) announced today that Ryan Levenson has been appointed to the Board of Directors, effective December 27, 2016.

Mr. Levenson has also been appointed to the Nominating and Corporate Governance Committee.

Concurrent with the 2017 Annual Meeting of Shareholders, the size of the class of directors of the Board with a term expiring at such meeting shall automatically decrease from three to two members, GLDD said.

In addition, subject to certain exceptions, Great Lakes has agreed to include Mr. Levenson on the Company’s slate of nominees for the election of directors at the 2017 Annual Meeting.

Mr. Levenson’s appointment is part of a settlement and standstill agreement that Great Lakes entered into on December 27, 2016 with Privet Fund Management LLC and Privet Fund LP, the beneficial owner of 5.2% of Great Lakes’ outstanding shares.

In addition to providing for Mr. Levenson’s appointment to the Board, pursuant to the agreement Privet has also agreed to customary standstill provisions and to vote in favor of any Board nominees and against any Board nominees not nominated by the Board during the term of the standstill obligations.

The complete agreement with Privet will be filed on a Form 8-K with the Securities and Exchange Commission.

 

 

Share this article

Follow Dredging Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

IADC SEMINAR ON DREDGING AND RECLAMATION IN DELFT

This five-day course strives to provide an understanding through lectures by experts in the field and workshops…

read more >

10th Dredging & Land Reclamation Summit 2019

The 10th Dredging & Land Reclamation World between 15-18 July 2019 in London is aimed at resolving…

read more >

Australasian Coasts and Ports 2019

Conference Theme “Future directions from 40°S and beyond” reflects the increasing awareness about the need to find suitable…

read more >

Jobs>

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply