Forward Air Corporation announced on May 2, 2025, its intention to seek shareholder approval for reincorporation from Tennessee to Delaware via a merger. The company's board of directors believes this strategic move will help maximize shareholder value.
The rationale behind the reincorporation is to leverage Delaware's well-established and business-friendly corporate laws, which are often favored for strategic transactions. This could potentially facilitate future mergers, acquisitions, or other corporate actions.
This proposal comes amidst an ongoing comprehensive review of strategic alternatives initiated by the board. Reincorporating to Delaware is seen as a foundational step to enhance the company's flexibility and attractiveness for potential strategic partners or buyers.
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