An announcement from Viad (VVI) is now available.
Crestview Partners IV GP, L.P. and its affiliates have informed Viad Corp’s Board of Directors of their decision to immediately remove Sung-Chul Patrick T. LaValley from the board. LaValley’s initial appointment was based on an agreement relating to the Crestview Parties’ holdings in Viad’s 5.5% Series A Convertible Preferred Stock. The Crestview Parties are currently seeking a replacement for the vacated board position.
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