Cedar Realty Trust (CDR) reaches amendment to the agreements with Camac Partners and Ewing Morris & Co

Key Summary: In 2021, multiple activists engaged the company. Ewing Morris (8.1%) nominated its CEO Darcy Morris for board election. Camac Fund (initially 4.8%, later 5.2%) released a presentation criticizing the company’s valuation and governance, proposed strategic changes, nominated seven directors, and filed proxy materials. Barington Companies Equity Partners (1.5%) also planned two nominations. On April 28, 2021, a settlement led to the appointment of three new independent directors, including nominees from Ewing and Camac, with two incumbents resigning.