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5 months ago
BRIEF-RTI Surgical,Krensavage Partners reach settlement agreement
March 15, 2017 / 6:40 PM / 5 months ago

BRIEF-RTI Surgical,Krensavage Partners reach settlement agreement

March 15 (Reuters) - Rti Surgical Inc

* rti Surgical, Inc. and Krensavage Partners, LP reach settlement agreement

* Under settlement agreement, RTI has increased size of RTI'S board of directors from nine directors to ten directors

* Under settlement agreement, RTI has appointed Mark D. Stolper, a Krensavage nominee, to board

* Settlement agreement also includes, among other provisions, certain standstill commitments made by Krensavage that end on july 1, 2018

* Krensavage has agreed to vote at 2017 annual meeting and 2018 annual meeting all of its shares in favor of nominees proposed by co

* Investor group led by Krensavage Partners, LP collectively own approximately 7% of outstanding shares of common stock of company

* Under settlement agreement, co will nominate Stolper to be elected to board at RTI'S upcoming annual meeting of stockholders Source text for Eikon: Further company coverage:

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