Showdown at Oshkosh Today (OSK)
At today’s annual meeting for shareholders of truck maker Oshkosh Corp. (NYSE: OSK), investor Carl Icahn will get an up-or-down vote on his slate of six candidates for the company’s board of directors. Icahn owns about 9.5% of Oshkosh. Proxy…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
At today’s annual meeting for shareholders of truck maker Oshkosh Corp. (NYSE: OSK), investor Carl Icahn will get an up-or-down vote on his slate of six candidates for the company’s board of directors. Icahn owns about 9.5% of Oshkosh.
Proxy advisory firms offered differing opinions on the battle for control of the company. Institutional Investor Services recommended three of Icahn’s candidates, while Egan-Jones and Glass Lewis & Co. sided with Oshkosh’s current board.
Oshkosh shares closed at $24.80 yesterday, in a 52-week range of $14.07-$40.11. The manufacturer of fire engines, ambulances, and other specialty vehicles has suffered from a cutback in municipal spending, and now faces a cutback in military spending as well.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
