Tegna Inc. has rejected all four director nominees put forth by one of its largest investors, heightening the tension in their simmering proxy fight.
The company has instead appointed Karen Grimes, a former partner at Wellington Management Co. to its board, according to a statement Wednesday.
Standard General LP, Tegna’s third-largest holder with a 9.7% stake, nominated four directors last month after its calls for board representation and a strategic review hit an impasse. Tegna said at the time it would evaluate three of the nominees, having already determined it would not appoint Standard General’s Chief Executive Officer ...
