Ancora issues letter to Forward Air shareholders

Ancora Holdings Group, LLC earlier on Wednesday issued a letter to shareholders of Forward Air (FWRD) Corporation outlining its reasons why shareholders should join Ancora in voting AGAINST three current members of the Board of Directors at the 2025 Annual Meeting of Shareholders: Chairman George S. Mayes, Jr., Director Javier Polit and Director Laurie A. Tucker. Ancora maintains that these directors, who supported Forward Air’s disastrous acquisition of Omni Logistics, LLC in 2023 and then resisted public calls from several shareholders to run a strategic review in 2024, cannot be trusted to oversee a credible process that results in a value-maximizing outcome for shareholders.