Home / Knowledge / News / Textiles / Proxy governance supports Hexcel nominees for BoDs
Proxy governance supports Hexcel nominees for BoDs
25
Apr '08
Hexcel Corporation announced that PROXY Governance Inc ("PROXY Governance"), a leading, independent voting advisory service, recommends that Hexcel shareholders vote the GOLD proxy "FOR" Hexcel's slate of highly qualified directors and not vote for the dissident directors nominated by Oscar S. Schafer & Partners II LP ("OSS").

In its report dated April 24, 2008, PROXY Governance focused its analysis on performance and strategy and concluded:

"We recommend in favor of the management nominees because we believe the company has demonstrated a compelling case that its margins are highly competitive on a product-by-product basis, has demonstrated significant progress in improving its weighted average corporate margin by improving its product and segment mix, and because the current board has a breadth of both CEO experience, which the dissident slate offers, and aerospace industry experience, which the dissident slate do not."

David Berges, Chairman of the Board of Hexcel Corporation, said, "We highly value the independent opinion of PROXY Governance and therefore it is of great significance to us that they have demonstrated their support of Hexcel's nominees for the Board.

It is very important that all shareholders send in their proxies, and we continue to ask all Hexcel shareholders to vote for the Hexcel nominees and prevent OSS from placing their hand-picked, dissident directors on our Board."

Hexcel strongly encourages shareholders to sign, date, and return the GOLD proxy card and vote FOR Joel Beckman, Lynn Brubaker and David Hurley.

Hexcel Corporation

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Govt should improve ease of doing business: ASSOCHAM

The government needs to continuously invest in improving the ease of...

Fashion | On 20th Feb 2017

South Korea’s fashion industry to grow 3.3% in 2017

The South Korean fashion industry is expected to grow by 3.3 per cent ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search