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Ancora Comments on Forward Air’s Disappointing Earnings Report and Sets Record Straight on Certain Misleading Company Disclosures
February 16, 2021 GMT
CLEVELAND (BUSINESS WIRE) Feb 16, 2021
Ancora Holdings, Inc. (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (“Forward Air” or the “Company”) (NASDAQ:FWRD), which together with the other participants in its solicitation beneficially owns approximately 6.3% of the Company’s outstanding shares, today issued an open letter to shareholders commenting on the Company’s disappointing fourth quarter 2020 earnings report and addressing certain misleading statements made by the Company in its February 10, 2021 press release.