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…
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.
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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.
