Engine Poised to Elect Entire Slate to Dye & Durham’s Board (1)

An activist investor said it has won enough shareholder support to elect all of its six nominees to the board of Dye & Durham Ltd. next week.

Engine Capital LP, which had put forward its slate of directors arguing the company needs a new direction, said that holders of more than 63% of Dye & Durham’s outstanding shares have voted on its proxy card. The actual voting will take place at the Dec. 17 meeting.

“We thank shareholders for their overwhelming support and hope to work with Chair Colleen Moorehead to effectuate a smooth transition that will enable the ...