Aerojet CEO wins proxy war against exec chairman, preliminary results show
Preliminary results show that the eight person slate led by Aerojet CEO Eileen Drake captured about 75% of shareholder votes.
Top Aerojet executives head to court as proxy war rages
“In terms of their vision for Aerojet, it’s not clear what the difference is between the two sides,” said Seth Seifman, an aerospace and defense analyst at J.P. Morgan. But “perhaps there’s some kind of opportunity … to influence shareholders one way or another.”
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Inside the alleged ‘boardroom coup’ at Aerojet Rocketdyne
Legal documents viewed by Breaking Defense reveal the company's board is split into warring factions, each seeking to oust the other's leader in the wake of Aerojet's failed merger with Lockheed Martin.
With Lockheed deal in doubt, Aerojet faces internal crisis
“The near-term future of Aerojet depends on which faction within the company succeeds in asserting control,” said defense consultant Loren Thompson. But ultimately, he added, the long-term future of the company will be contingent on finding a new buyer “with big pockets."