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Drake Faction Touts Backing Of Independent Proxy Advisors Ahead Of Shareholder Meeting

Cal Biesecker By
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Drake Faction Touts Backing Of Independent Proxy Advisors Ahead Of Shareholder Meeting
Aerojet Rockedyne President and CEO Eileen Drake. Photo: Aerojet Rocketdyne.

The leading proxy advisory firms that aid institutional investors in voting their shares at annual and special meetings are backing Aerojet Rocketdyne [AJRD] President and CEO Eileen Drake and her slate of directors over a competing faction led by Warren Lichtenstein, the company’s executive chairman, ahead of a shareholder meeting on June 30 to decide membership on the board. Drake and the director nominees on her slate this week said Institutional Shareholder Services (ISS) and Glass Lewis both backed their…

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