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Ancora Holdings push for change at Texas firm Blucora falls short Ancora Holdings push for change at Texas firm Blucora falls short Can t win em all. That describes the situation for Cleveland-based activist investor Ancora Holdings Inc., which had sought to seat four new board members at Irving, Texas-based Blucora Inc., only to see Blucora shareholders vote to reelect the financial services firm s 10 current board members. The vote was revealed at Blucora s annual meeting on Wednesday, April 21. Reuters reports that Blucora had told shareholders, which include large index funds and hedge funds, that its directors were better qualified to lead the company and that a number of recently made changes were beginning to bear fruit. The company replaced the chief executive and chief financial officers last year amid concerns about performance, positioned the company s two tax-focused businesses for long-term growth, and added new independent directors in 2020 and 2021.

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