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Activist calls on Parkland to buy back shares and reduce debt

Activist calls on Parkland to buy back shares and reduce debt
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Brad favreauArnaud ajdlerSimon scottParkland corpNew york based engine capitalChevron canada

Activist calls on Parkland to buy back shares and reduce debt

Activist calls on Parkland to buy back shares and reduce debt
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Amanda stephensonSimon scottArnaud ajdlerBrad favreauParkland corpNew york based engine capitalChevron canadaCanadian press

Activist investor calls on Parkland to pay down debt and buy back shares

An activist investor that pushed for changes at Parkland Corp. earlier this year is making new recommendations such as prioritizing share buybacks.

Arnaud ajdlerSimon scottBrad favreauParkland corpEngine capitalAlign management compensationArnaud ajdlerBrad favreauCapital allocationEngine capitalNon core assetsOil gasParkland corpShare buybacks

Following unaddressed concerns, activist investor puts more pressure on Parkland Fuel

Parkland, which has not yet publicly responded to Engine’s latest tactic, is set to hold its annual general meeting on May 4.

United statesArnaud ajdlerJim pantelidisBrad favreauBob espeySimpson oilSimpson oil ltdParkland fuel corpParkland fuelChevron canadaNorth americaCanadian pressActivist investorEngine capitalNgine capital lpN the run convenience store

Engine Capital Issues Letter to Parkland s Board Announcing Intent to Withhold Support on ALL Incumbent Directors at the 2023 Annual Meeting

Engine Capital Issues Letter to Parkland s Board Announcing Intent to Withhold Support on ALL Incumbent Directors at the 2023 Annual Meeting
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Jim pantelidisRobert espeyMarcel teunissenArnaud ajdlerBrad favreauCharlotte kiaie aaron rabinovichCompany board of directorsSimpson oilParkland corporationCompany annual meetingYear tenured chairman jim pantelidis despiteYear term limitCompensation framework misalignedEngine capitalChairman jim pantelidisAnnual meeting