Business
Carronade’s Nominees Present Significant Risks to Cannae Shareholders
LAS VEGAS, December 02, 2025--Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today issued the following statement regarding Cannae’s strategic transformation and the election of directors to Cannae’s Board of Directors ("Board") in connection with its 2025 Annual Meeting of Shareholders (the "Annual Meeting") to be held on December 12, 2025.
About this update from Cannae Holdings, Inc.
[{"type":"text","content":"~ Cannae’s Strategic Transformation is Accelerating Long-Term Value Creation for Shareholders ~","length":95,"tagName":"p","attribs":{}},{"type":"text","content":"~ Our Board and Governance Structure have Consistently Evolved ~","length":64,"tagName":"p","attribs":{}},{"type":"text","content":"~ Cannae Urges Shareholders to Vote on WHITE Proxy Card "FOR" ONLY Erika Meinhardt, Barry B. Moullet, James B. Stallings, Jr., and Frank P. Willey ~","length":158,"tagName":"p","attribs":{}},{"type":"text","content":"LAS VEGAS, December 02, 2025--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today issued the following statement regarding Cannae’s strategic transformation and the election of directors to Cannae’s Board of Directors ("Board") in connection with its 2025 Annual Meeting of Shareholders (the "Annual Meeting") to be held on December 12, 2025.","length":416,"tagName":"p"},{"type":"text","content":"Carronade’s Nominees Present Significant Risks to Cannae Shareholders","length":69,"tagName":"p"},{"type":"text","content":"Carronade is employing a short-term playbook yet demanding shareholders make a long-term board composition decision that will significantly impair future value creation. Electing a new near-control slate of directors without the requisite skills and experience fundamentally risks Cannae shareholders’ capital.","length":310,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Carronade claims that it is running a campaign focused on improving Cannae’s governance, yet Carronade’s nominees bring a narrow specialization in bankruptcy, distressed debt, and restructuring, while offering little to no experience in public company experience or governance. The Carronade nominees’ common skillsets are irrelevant for Cannae’s permanent capital model and corporate strategy of building long-term value in proprietary investments.","length":449,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Carronade offers no original ideas and is attempting to take credit for Cannae’s existing strategic plan — which began seven months before Carronade became involved. Electing unqualified directors would be disruptive to the Board, which has already proven its commitment to act decisively, and presents real go-forward risks."...