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NeuroMetrix Announces Steps Taken to Enhance Shareholder Value

Retrieved on: 
Friday, April 19, 2024
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WOBURN, Mass., April 19, 2024 (GLOBE NEWSWIRE) -- NeuroMetrix, Inc. (NASDAQ: NURO) today announced two steps to enhance shareholder value following feedback and recommendations from one of its largest shareholders, Ephraim Fields of Echo Lake Capital.

Key Points: 
  • WOBURN, Mass., April 19, 2024 (GLOBE NEWSWIRE) -- NeuroMetrix, Inc. (NASDAQ: NURO) today announced two steps to enhance shareholder value following feedback and recommendations from one of its largest shareholders, Ephraim Fields of Echo Lake Capital.
  • The Board has approved the appointment of Joshua S. Horowitz as a new independent director with a 1-year term.
  • Since January 2012, he has served as a portfolio manager with Palm Management (US) LLC.
  • I believe we all have a common goal of maximizing NeuroMetrix shareholder value.”
    Ephraim Fields of Echo Lake Capital commented, “I thank NeuroMetrix’s Board for considering my suggestions and believe the actions announced today will be very helpful in maximizing value for all shareholders.”

Barnwell Industries, Inc. Reaches Cooperation and Support Agreement With its Largest Stockholders

Retrieved on: 
Monday, January 23, 2023
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The Agreement extends for two years the standstill terms of the previous agreement entered into with the MRMP Stockholders in 2021, ending the potential of a proxy contest at the 2023 annual meeting of stockholders (the “2023 Annual Meeting”).

Key Points: 
  • The Agreement extends for two years the standstill terms of the previous agreement entered into with the MRMP Stockholders in 2021, ending the potential of a proxy contest at the 2023 annual meeting of stockholders (the “2023 Annual Meeting”).
  • The Board has determined that each of Mr. Horowitz and Narbut are independent under applicable NYSE rules and regulations.
  • He has held senior positions at Inverlochy Capital, an asset management firm, and Berggruen Holdings, the family office of Nicolas Berggruen.
  • Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements.