At Insider Monkey, we closely monitor the moves made by activist investors. Their targets are often undervalued stocks with firm foundations that for one reason or another have failed to execute. At times, all it takes is a fresh outlook and a slight tweak to completely alter the makeup and efficiency of a company, and activists can provide this. They also shine a spotlight on shareholder value creation, which can be neglected by entrenched management who often have their priorities elsewhere. Below and on the following pages we have embedded the latest 13D activist filing related to Forestar Group Inc. (NYSE:FOR), which was recently submitted by Jeffrey Bronchick‘s Cove Street Capital. The filing reveals that Forestar Group has reached a director nomination agreement with both Cove Street Capital and Clint Carlson‘s Carlson Capital, which will see one director put forth by each fund being added to the company’s Board, to replace two resigning Directors.
You can sell the filing below and on the next pages. You can access the original SEC filing by clicking here, which contains links to the agreement and a press release.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|Cove Street Capital,||3,165,917||3,165,917||3,165,917||3,165,917||3,165,917||9.4%|
Page 1 of 5 SEC Filing
OLSHAN FROME WOLOSKY LLP
(Name, Address and Telephone Number of Person