Air Methods Corporation has responded to shareholders Voce Capital’s nomination of four candidates to the Air Method’s board of directors. The move by Voce has been motivated by what it claims is mismanagement of the company. The discussions between the two parties have been going on for a number of years.
Air Methods stated: “Air Methods maintains an ongoing dialogue with our investors. Our board of directors and management team recognise the right of investors to nominate directors. In keeping with our long-held practice of maintaining a high calibre board with exceptionally qualified directors, we will carefully evaluate Voce’s nominees. Shareholders need not take action at this time. Our board of directors remains highly engaged with the management to ensure the company’s operating and strategic plan is fully aligned with the best interest of all shareholders.”