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DALLAS, May 17, 2021 /PRNewswire/ The Board of Directors (the Board ) of SWK Holdings Corporation (Nasdaq: SWKH) (the Company or SWK ) and its controlling stockholder, funds affiliated with Carlson Capital, L.P. ( Carlson ), announced today that the Board and Carlson have jointly agreed that the Board will form a strategic review committee (the Strategic Review Committee ) to identify, review and explore strategic alternatives for the Company with a view to maximizing stockholder value.
In connection with this decision, the Board has agreed to immediately appoint Marcus Pennington, a Director at Carlson, to serve as a member of the Board and a nominee for election at the 2021 annual meeting of stockholders. The Strategic Review Committee will be chaired by Mr. Pennington and will also include existing directors Edward B. Stead and Michael D. Weinberg and intends to commence its work immediately. The Company has also committed to
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