TITAN INTERNATIONAL INC
For the period ended Jun 13, 2024. Filed Apr 24, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 13, 2024 · Filed Apr 24, 2024
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TWI$4.93+4.9%Stored close · as of Nov 6, 2026
Contents
Proposal #4 -
| PROPOSAL FOURSTOCKHOLDER PROPOSAL REGARDING A SALE, MERGER OR OTHER DISPOSITION OF THE COMPANY | |
|---|---|
| The Board of Directors unanimously recommends that stockholders vote AGAINST this proposal.The Company received the following resolution, along with the supporting statement below, submitted by Peter Kross Trust UAD 11/25/1985, Peter Kross as Trustee, of 1132 Seaspray Avenue, Delray Beach, Florida 33483, which trust owns shares of the Company’s common stock with a value of at least $2,000. The Company is including this stockholder proposal in this Proxy Statement in accordance with Rule 14a-8 under the Exchange Act, printed verbatim from its submission, and the Company and the Board accept no responsibility for the following resolutions or supporting statement. The stockholder proposal is required to be voted on at the Annual Meeting only if properly presented by or on behalf of the proponent.Stockholder ProposalRESOLVED, That the stockholders hereby inform the Board of Directors of Titan International inc. that the shareholders recommend that the Board of Directors immediately take the necessary steps to achieve a sale, merger, or other disposition of the Company on terms that will maximize stockholder value as expeditiously as possible.SUPPORTING STATEMENTThe pursuit of a sale, merger or other disposition of the company is warranted in light of Titan’s persistent stock underperformance. Over the past ten years, the Company has traded from $17.25 as of November 30, 2013 to a present price as of November 30,2023 of $13.07, a decrease of 24.2%. The company’s poor performance is particularly distressing when you compare it to the S&P 500 INDEX’s appreciation of 152.9% for that period.Over the past four years management and directors have NOT purchased any Titan International inc. stock, only SOLD shares.It is time for Titan International inc. to sell, merge, or dispose of the Company on terms that will maximize shareholder value.If you agree, please vote in favor of this proposal. | Sale, Merger or Disposition of the CompanyThis proposal gives the Company's stockholders the opportunity to express their views on the sale, merger or disposition of the company. |
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