LSC Communications Receives Director Nominations from Sententia Group
February 25, 2020
CHICAGO (News release) -- LSC Communications, Inc. announced that Sententia Group, LP has nominated 6 individuals to stand for election as directors at LSC's 2020 Annual Meeting of Shareholders. LSC shareholders are not required to take any action at this time.
LSC issued the following statement:
"Since the termination of its merger with Quad Graphics last year, LSC has acted quickly to take decisive action to manage LSC's operational and financial position. We have narrowed the Company's strategic focus and are aligning our manufacturing platform to address the significant structural changes in the industry. Our primary objectives are to run our solid core businesses successfully and profitably while also using our strong, longstanding client relationships to aggressively pursue new business opportunities."
"LSC has a diverse and experienced Board consisting of eight directors, seven of whom are independent, and all of whom are seasoned leaders who possess significant experience relevant to the Company's business. The Corporate Responsibility & Governance Committee regularly reviews the composition and size of the Board in order to ensure that it has the right mix of skills and experience to support and advise LSC."