There may be some debate as to whether activist shareholders are good for the long-term health of companies, but there is no debating their results. In 2012, 2013, and 2014, activist investment strategies returned 9.3%, 19.2%, and 8.5% respectively per year. While new activist positions may not be moving the needle quite as much as they once were, the market still values activist involvement in companies. In this article, we reveal one of the latest activist filings, issued by Legion Partners Asset Management LLC, disclosing the latest information regarding the activist’s position in L.B. Foster Company (NASDAQ:FSTR). The filing shows ownership of 986,136 shares and reveals that Legion Partners’ Bradley S. Vizi has landed a seat on the company’s Board. The filing is embedded in its entirety below and on the following pages.
You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Legion Partners | 400 | 559,919 | 400 | 559,919 | 559,919 | 5.4% |
| Legion Partners | 108,856 | 108,856 | 108,856 | 1.1% | ||
| Legion Partners Special Opportunities | 317,361 | 317,361 | 317,361 | 3.1% | ||
| Legion Partners | 986,136 | 986,136 | 986,136 | 9.6% | ||
| Legion Partners Asset Management | 986,136 | 986,136 | 986,136 | 9.6% | ||
| Legion Partners Holdings | 986,136 | 986,136 | 986,136 | 9.6% | ||
| Bradley S. Vizi | 986,136 | 986,136 | 986,536 | 9.6% | ||
| Christopher S. Kiper | 986,136 | 986,136 | 986,136 | 9.6% | ||
| Raymond White | 986,136 | 986,136 | 986,136 | 9.6% |
