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  "documentTitle": "Elanco Animal Health (ELAN)",
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      "text": "The Board is clearly committed to ignoring the will of shareholders, underscoring its culture of entrenchment.",
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      "text": "In contrast, there was substantial support for the new directors that joined the Board as part of a 2020 settlement with shareholder Sachem Head Capital Management.",
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      "text": "Shareholder frustration has shown itself in a meaningful way at the last three annual meetings. Many directors received low support or less than a majority of votes – yet the Board has not addressed this.",
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      "text": "This is noteworthy considering these directors were unopposed – each of these annual meetings have been uncontested elections – yet shareholder support remained low.",
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      "text": "The combination of proxy advisory firm recommendations against incumbent directors and the horrific lack of shareholder support for the current Board reinforces that Elanco needs immediate change at the top.",
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      "text": "Approval Rating: 28.7%",
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      "text": "Source: Ancora, Company filings.",
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      "text": "Vote results for 2021, 2022, and 2023 showing Nominee, For, Against, Abstain, Broker Non-Votes, and % Approval.",
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      "text": "Elanco Has Shown an Appalling Disregard for Good Governance",
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