TETRA Technologies, Inc. announced that it received notice from the investor group led by Brad Radoff regarding the irrevocable withdrawal of its four director nominees. This development means TETRA's 2025 Annual Meeting of Shareholders will proceed as an uncontested election.
The withdrawal resolves a potential proxy contest that had been initiated by the Radoff-Torok Group, which had nominated an alternative slate of directors. The company had previously announced its own plans for board refreshment, including the nomination of a new independent director and the retirement of a long-serving member.
The resolution of the contested election removes a layer of uncertainty for the company and its shareholders. TETRA's Board and management expressed gratitude for shareholder engagement and stated they look forward to continued constructive dialogue leading up to and beyond the annual meeting.
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