CSW Industrials settles proxy contest
Clients CSW Industrials, Inc.
Jones Day advised CSW Industrials, Inc., a diversified industrial growth company ("CSWI"), in connection with a proxy contest initiated by Newtyn Management LLC, an activist investor, and its affiliates ("Newtyn"). Newtyn nominated a director for election to CSWI's board of directors ("Board") and filed preliminary proxy materials. Under the terms of an agreement, Newtyn withdrew its director nomination, agreed to vote for the nominee proposed by CSWI's Board, and agreed to customary standstill provisions.