NN, Inc. announced the formation of a Strategic Committee of the Board of Directors.
The committee will evaluate strategic, financing, and other alternatives to enhance shareholder value.
The Board engaged Houlihan Lokey as the financial advisor for this review process.
Formation of Strategic Committee
The Board formed a Strategic Committee to review strategic and financial alternatives.
Committee Members
The Strategic Committee comprises three independent directors: Raynard Benvenuti, Jeri Harman, and Thomas Wilson.
Engagement of Financial Advisor
Houlihan Lokey, a leading independent investment bank, will advise NN, Inc. during the review process.
Objectives
The committee aims to unlock additional value for shareholders by exploring various options.
- The decision to form the Strategic Committee reflects NN, Inc.'s commitment to maximizing shareholder value.
- Recent accomplishments and improvements in earnings quality position the company for further growth and value creation.
NN, Inc. is focused on enhancing shareholder value through strategic initiatives and remains committed to its transformation plan.