Proxy adviser ISS backs SilverBow nominees in Kimmeridge board fight

SilverBow Resources

09/05/2024 19:32

May 9 (Reuters) - Proxy adviser Institutional
Shareholder Services on Thursday recommended shareholders of
SilverBow Resources  SBOW.N  vote for the company's board
nominees, and withhold support for directors backed by activist
investment firm Kimmeridge Energy Management.
    Earlier on Thursday, fellow proxy adviser Glass Lewis also
recommended SilverBow shareholders vote in the company's board
selections.
    Kimmeridge, the largest shareholder in SilverBow, is aiming
to seat three new independent directors at the oil and gas
producer's annual shareholder meeting on May 21, charging the
company needs to revamp its governance and improve performance.
    

 (Reporting by Svea Herbst-Bayliss and David French in New York)
 ((davidj.french@thomsonreuters.com;))