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Campaigns / Ancora → Forward Air Corporation
Ancora vs. Forward Air Corporation

Forward Air Corporation · FWRD

2 decks published between 2023-10-17 and 2025-05-16 — 39 pages, 39 analysed slides total.

initial thesis proxy fight

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2023-10-17 initial thesis

    2023 10 Ancora_Project_Air_October_17_2023

    12pp · conference_presentation

    Forward Air's $3.2B Omni Logistics deal destroys shareholder value; block the deal, replace CEO Tom Schmitt and the Board, and shares rerate to $140-$145.

    N 4 V 3 C 3
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  2. 2025-05-16 proxy fight

    2025 05 ex1topx14a6g06470026_052025

    27pp · full_deck

    Ancora urges FWRD shareholders to vote AGAINST Chair Mayes, Polit, and Tucker — the directors behind the disastrous 2023 Omni acquisition that destroyed ~80% of equity value — to force an expedited sale.