USSTOCK.TODAY
Weekend. Closed
Log in Sign up

Freightos founder demands board revisions amid allegations of voting manipulation

FreightWaves · ·by G4L

CRGO
CRGO Freightos Ltd
$0.81 +6.04%
View chart & analysis →
  1. 1Zvi Schreiber, founder and former CEO of Freightos, claimed the company manipulated voting rights to infringe upon shareholder voting power.
  2. 2Holding a 6% stake, Zvi Schreiber demanded the board issue revised proxy cards by November 17 that allow voting on all resolutions.
  3. 3The Freightos board countered that the proposal to remove the chairman targeted a specific individual, noting a 99.9% re-election rate for Udo Lange during the 2025 shareholder vote.

So what's the key point?

The founder of Freightos claims the company manipulated shareholder voting rights. Holding a 6% stake, the founder is demanding that the board revise the voting process.

Source FreightWaves · View original ↗

Related 3-line summaries

Trade uncertainty and maritime freight status following US midterm election results FreightWaves · yesterdayProfitability of small retailers declines due to surging shipping costs during year-end peak season CNBC · Nov 6Container freight rates rise amid Red Sea route return and port strike concerns despite slowing demand FreightWaves · Oct 31
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news