JLG parent sets date for contested election

News Story
- 15 Dec 2011 ( #544 ) - Oshkosh, WI, United States
1 min read
JLG parent firm Oshkosh Corp has set the timing for its annual meeting and effort to repel the campaign of activist shareholder Carl C Icahn (Forkliftaction.com News #541).

In a 12 December security filing, the corporation says the meeting will take place on Friday, 27 January, at 8 am local time in the EAA Aviation Center in Oshkosh.

Holders of record of Oshkosh common stock as of 6 December are entitled to vote. On that date, 91,427,637 shares were eligible.

Affiliates with the New York-based Icahn Group are seeking to elect candidates for six of the 13 available positions on the Oshkosh board of directors. The corporation has nominated a full slate of 13 and, with its MOVE strategy (Market recovery and growth, Optimising cost and capital structure, Value innovation and Emerging market expansion), is aggressively resisting the Icahn effort.

Oshkosh's access equipment segment, including the JLG and Jerr-Dan brands, accounted for 27.1% of the corporation's sales of USD7.58 billion for the fiscal year ended 30 September (Forkliftaction.com News #538).
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