Market Cap: $47 million| NN, Inc., a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally.
Background:
On May 17, 2021, Corre Partners Management (9.99%) announced that it has entered into a Cooperation Agreement with the company pursuant to which the company increased the size of the Board from 9 to 10 directors and appointed Dr. Rajeev Gautam to fill the newly created directorship on the recommendation of Corre Partners Management.
On April 22, 2022, Corre Partners Management increased its stake to 10.92%.
On May 25, 2022, Corre Partners Management increased its stake to 12.21%.
Update:
On May 4, 2023, Corre Partners Management increased its stake to 14.7%.
Past
Legion Partners
On February 25, 2019, Legion Partners (8.02%) and the company entered into a cooperation agreement and pursuant to it, the company increased the size of its Board by two and immediately appointed two new directors to the Board. Additionally, the Company announced that it will approve and recommend amendments to its Restated Certificate of Incorporation to implement the Company's transition to annual elections for directors. Later classes will also stand for one-year terms at subsequent annual meetings, and the board will be fully declassified by the 2021 Annual Meeting. Source
On October 20, 2020, Legion Partners increased its stake to 9.6%.
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