Peter Kross Trust Sends Proposal to Horizon Global Corp. Board
GROSSE POINTE, Mich.--(BUSINESS WIRE)--Nov 14, 2018--The Peter Kross Trust announced today that it has sent the attached shareholder proposal to the Board of Horizon Global Corporation (NYSE: HZN) (“the Company”). The Rule 14a-8 Shareholder Proposal recommends that the “Board of Directors immediately take the necessary steps to achieve the sale, merger or other disposition of the Company on terms that will maximize stockholder value as expeditiously as possible.”
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The Peter Kross Trust, which along with other family-related trusts, owns approximately 1.5 percent of outstanding shares of the Company, believes that a sale, merger or other disposition of the Company is warranted in light of Horizon’s persistent gross underperformance.
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CONTACT: Peter Kross
KEYWORD: UNITED STATES NORTH AMERICA MICHIGAN
INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT MANUFACTURING AUTOMOTIVE MANUFACTURING NATURAL RESOURCES AGRICULTURE AUTOMOTIVE PROFESSIONAL SERVICES FINANCE GENERAL AUTOMOTIVE
SOURCE: The Peter Kross Trust
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PUB: 11/14/2018 07:30 AM/DISC: 11/14/2018 07:30 AM