Blucora shareholders re-elect board, reject 4 Ancora nominees

Avantax

21/04/2021 21:21

By Svea Herbst-Bayliss
    BOSTON, April 21 (Reuters) - Blucora Inc shareholders voted
to re-elect the financial services firm's 10 current board
members, rejecting dissident investor Ancora Holdings' proposal
to seat four newcomers, the company said on Wednesday.
    Irving, Texas-based Blucora had told shareholders, which
include large index funds and hedge funds, that its directors
were better qualified to lead the company and that a number of
recently made changes were beginning to bear fruit.
    The company replaced the chief executive and chief financial
officers early last year amid concerns about performance,
positioned the company's two tax-focused businesses for
long-term growth, and added new independent directors in 2020
and 2021.

 (Reporting by Svea Herbst-Bayliss; Editing by David Gregorio)
 ((svea.herbst@thomsonreuters.com; +617 856 4331; Reuters
Messaging: svea.herbst.thomsonreuters.com@reuters.net))