An announcement from InfuSystem Holdings, Inc. (INFU) is now available.
InfuSystem Holdings, Inc. announces the resignation of board member R. Rimmy Malhotra on March 8, 2024, as part of a cooperation agreement with the company and Nicoya Capital LLC. The departure is amicable, with no disagreements reported, and includes a financial settlement of $625,000 to Malhotra and Nicoya for various considerations. The agreement also outlines a three-year standstill period during which Malhotra and Nicoya will not engage in activities such as stock acquisition attempts, proxy solicitations, or disparaging remarks about the company. They have also agreed to vote in line with the Board’s recommendations for the duration of this period.
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