activistletters
Sherwood Group Slams Barnwell Industries (BRN) for Governance Failures and Ongoing Losses, Urges Shareholder Support for Board Overhaul
Governance Spin Can’t Hide Underperformance at Barnwell Industries, Inc.
Vero Beach, Florida, May 19, 2025 – The Sherwood Group, a
activistletters
Sherwood Group Presses for Change at Barnwell (BRN) as Shareholders Back Nominees, Criticize Board Entrenchment and Performance
Summary
On May 19, 2025, the Sherwood Group, holding ~29.9% of Barnwell Industries, announced strong early support for its
activistletters
Sherwood Group Rallies Barnwell Industries (BRN) Shareholders, Claims Strong Support for Board Overhaul Ahead of Annual Meeting
Barnwell Shareholders Demand Change: Sherwood Group Nominees Lead with Overwhelming Support Ahead of Annual Meeting
● Over 40% of Outstanding Shares
activistletters
Mason Capital Challenges Proxy Advisors Over JBS S.A. (JBS) NYSE Listing, Cites Conflicts and $16B Value at Risk
Summary
On May 15, 2025, Mason Capital, a 2.4% minority shareholder in JBS S.A., sent a letter to
activistletters
Mason Capital Urges SEC Probe into ISS, Glass Lewis Recommendations on JBS (JBSS3.SA) U.S. Listing Proposal
Michael E. Martino
Founder and Principal
Mason Capital Management LLC
May 15, 2025
Chair
U.S. Securities and Exchange Commission
activistletters
HG Vora Presses for Change at PENN (PENN), Nominates Three Directors to Challenge Failed Strategy and Excessive CEO Pay
Summary
HG Vora, a 4.8% shareholder in PENN Entertainment, criticized the company’s long-term underperformance, failed digital strategy, and
activistletters
HG Vora Calls for Overhaul at PENN Entertainment (PENN), Citing Years of Underperformance and Board Entrenchment
Dear Fellow PENN Shareholders,
HG Vora Capital Management, LLC (together with its affiliates, “HG Vora,” “we” or “us”) is one
activistletters
Servotronics (SVT) Faces Beaver Hollow Wellness’ Push for Director Change After Cash Collapse and Governance Failures
Summary
Beaver Hollow Wellness (May 13, 2025) launched its S.A.V.E. Servotronics Plan, urging board change after years
activistletters
Beaver Hollow Wellness Unveils S.A.V.E. Plan, Urges Servotronics (SVT) Shareholders to Back Board Overhaul Amid Financial Crisis
Company Name: Servotronics Inc
Symbol: SVT
Filing Date: May-13-2025
Filer Name: Beaver Hollow Wellness, LLC
Download PresentationBeaver-Servotronics-May-13-2025.pdf4 MBdownload-circle
Source:
activistletters
Dynavax (DVAX): Deep Track Capital (14.8% Holder) Pushes Board Slate, Urges Focus on Heplisav and Capital Returns
Summary
Deep Track Capital, owning ~14.8% of Dynavax, filed a proxy statement urging shareholders to support its board nominees
activistletters
Dynavax Technologies (DVAX): Deep Track Capital Pushes Board Refresh, Calls for Heplisav Growth and Share Buybacks
Source:
https://www.sec.gov/Archives/edgar/data/1029142/000119312525117792/d833627ddfan14a.htm
activistletters
Harley-Davidson (HOG) Faces Intensified H Partners Campaign as Proxy Advisors and Dealers Back Withhold Effort
Summary
The H Partners letter (May 9, 2025) urges Harley-Davidson shareholders to withhold votes from CEO Jochen Zeitz, Thomas Linebarger,
activistletters
H Partners Urges Harley-Davidson (HOG) Shareholders to Withhold Votes Against Zeitz, Linebarger, and Levinson After $6B Value Destruction
Company Name: Harley-Davidson, Inc.
Symbol: HOG
Filing Date: May-12-2025
Filer Name: H Partners Management, LLC
Download PresentationHarley-H Partners-May-12-2025.pdf4 MBdownload-circle
activistletters
Keros Therapeutics (KROS) Faces ADAR1’s Push for Restructuring, $500M Capital Return, and Board Refresh
Summary
ADAR1 Capital (May 2025) blasted Keros Therapeutics for mismanaging its pipeline, wasting cash, and eroding shareholder value. It cites
activistletters
ADAR1 Capital Targets Keros Therapeutics (KROS) Board, Urges Withhold Votes Over Pipeline Failures and Cash Burn
Company Name: Keros Therapeutics, Inc.
Symbol: KROS
Filing Date: May-12-2025
Filer Name: Adar1 Capital Management, LLC
Download PresentationAdar1-Keros-May-12-2025.pdf1 MBdownload-circle
activistletters
Harley-Davidson (HOG): H Partners Wins Proxy Advisor, Dealer Support to Oust CEO Zeitz and Two Long-Tenured Directors
Summary
H Partners urged shareholders to vote “WITHHOLD” on the re-election of CEO/Chairman Jochen Zeitz, Presiding Director Thomas Linebarger,
activistletters
H Partners Urges Shareholders to Withhold Votes at Harley-Davidson (HOG) Annual Meeting, Targeting CEO Zeitz and Longtime Directors for Value Destruction
Dear Fellow H-D Shareholder,
This week, H Partners’ campaign to unseat three long-tenured Harley-Davidson, Inc. (“Harley-Davidson”, “Harley”, “H-D” or the
activistletters
ADAR1 Capital Presses Keros (KROS) to Halt Value-Destructive Programs, Focus on Takeda Partnership, and Add Shareholder Representation
Summary
ADAR1 Capital, owning 13.3% of Keros Therapeutics, criticized the company’s strategy, citing poor clinical results for two
