Quipt Home Medical Corp. acknowledged receipt of a notice from Philotimo Fund, LP, an entity affiliated with Kanen Wealth Management, LLC (KWM), indicating its intent to solicit proxies. KWM aims to support four director candidates for the Company’s Board of Directors in opposition to the Company’s own candidates.
The Company stated that KWM's notice was not timely, valid, or compliant with both U.S. securities laws and the Company’s Articles. Quipt's Board and Nominating and Corporate Governance Committee will review the notice.
Quipt emphasized its commitment to delivering long-term value to all shareholders and executing its strategic growth plan. The company also stated it would not be distracted from achieving its long-term goals amidst the activist challenge.
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