NEW YORK--(BUSINESS WIRE)--Cornwall Capital Management, LP (“Cornwall”), an investment manager whose funds beneficially own approximately 26% of the outstanding shares of Keweenaw Land Association, Limited (OTC Pink:KEWL) (“Keweenaw” or the “Company”), today announced that it has nominated three additional candidates for election to the Keweenaw Board of Directors (the “Board”) at the Company’s 2018 Annual Meeting of Shareholders. Currently, Messrs. James Mai and Jan Loeb serve as Cornwall designees on the Board.
Cornwall and its predecessor entities are long-term shareholders of Keweenaw, having been invested in the Company continuously for over 10 years. Cornwall believes that bringing to the Board a new set of directors with fresh perspectives will be in the best interests of all shareholders.
Additional details regarding Cornwall’s nominees and proxy solicitation will be released in the coming weeks.
In connection with its solicitation of proxies for the 2018 annual meeting of Keweenaw Land Association, Limited (the “Company”), Cornwall Capital Management, L.P. and certain of its affiliates (collectively, “Cornwall”) intend to make available additional information to the shareholders of the Company. CORNWALL STRONGLY ADVISES ALL COMPANY SHAREHOLDERS TO READ ALL ADDITIONAL INFORMATION WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION.