-

Engine Capital Sends Letter to Parkland Corp.’s Board of Directors Regarding the Need to Collaborate with Shareholders on Value-Enhancing Changes

Believes the Board’s Insular Behavior and Dismissive Attitude Towards Engine and Apparent Disagreement with Simpson Oil – Parkland’s Largest Shareholder – Suggest a Focus on Entrenchment and Self-Preservation

Warns the Board Not to Pursue Costly and Wasteful Litigation and Start Working with Shareholders to Appoint Highly Qualified, Independent Directors with Records of Value Creation and Relevant Industry Experience

original Engine Capital Sends Letter to Parkland Corp.’s Board of Directors Regarding the Need to Collaborate with Shareholders on Value-Enhancing Changes.

Engine Capital Sends Letter to Parkland Corp.’s Board of Directors Regarding the Need to Collaborate with Shareholders on Value-Enhancing Changes.

NEW YORK--(BUSINESS WIRE)--Engine Capital LP, which owns approximately 2.5% of Parkland Corporation’s (TSX: PKI) outstanding shares, today sent the above letter to members of Parkland Corporation’s Board of Directors.

Contacts

For Investors:

Engine Capital LP
Arnaud Ajdler, 212-321-0048
aajdler@enginecap.com

For Media:

Longacre Square Partners
Charlotte Kiaie / Aaron Rabinovich, 646-386-0091
ckiaie@longacresquare.com / arabinovich@longacresquare.com

Industry:

ENGINE CAPITAL, L.P.

Release Versions
English

Contacts

For Investors:

Engine Capital LP
Arnaud Ajdler, 212-321-0048
aajdler@enginecap.com

For Media:

Longacre Square Partners
Charlotte Kiaie / Aaron Rabinovich, 646-386-0091
ckiaie@longacresquare.com / arabinovich@longacresquare.com

More News From ENGINE CAPITAL, L.P.

Engine Capital Sends Letter to EPAM Systems’s Board of Directors Highlighting Company’s Undervaluation and Urging the Initiation of a $750 Million Accelerated Share Repurchase Program

NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine”), which owns approximately 1.5% of the outstanding shares of common stock of EPAM Systems, Inc. (NYSE: EPAM) (the “Company”), today announced that it has delivered a letter to the Company’s Board of Directors.The full text of Engine’s letter to the Company can be viewed here.About Engine CapitalEngine Capital LP is a value-oriented special situations fund that invests both actively and passively in companies und...

Engine Capital Urges H.B. Fuller’s Board of Directors to Run a Market Check for the Building Adhesive Solutions Segment and the Entire Company

NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 2% of the outstanding shares of common stock of H.B. Fuller Company (NYSE: FUL) (“H.B. Fuller” or the “Company”), today released the following letter sent to the Company’s Board of Directors. *** August 14, 2026 H.B. Fuller Company 1200 Willow Lake Boulevard, P.O. Box 64683 St. Paul, Minnesota 55164-0683 Attention: The Board of Directors Members of the Board of Directors (the...

Engine Capital Issues Statement Regarding Announced Sale of UniFirst to Cintas

NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3.2% of the outstanding shares of common stock of UniFirst Corporation (NYSE: UNF) (“UniFirst” or the “Company”), today released the following statement on behalf of Managing Partner Arnaud Ajdler regarding the Company’s announced sale to Cintas Corporation (NASDAQ: CTAS): “This is the right transaction, at the right price, with the right partner. We are pleased with this outc...
Back to Newsroom