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  "documentTitle": "Forward Air Corporation (FWRD)",
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  "notes": "The slide uses a 'villain' framing for the directors, highlighting their negative performance metrics.",
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      "text": "We intend to vote “AGAINST” George S. Mayes, Jr., Javier Polit and Laurie A. Tucker at the 2025 Annual Meeting to hold them accountable for their missteps and to send a message to the Board that shareholders will not tolerate more episodes of avoidable value destruction at Forward Air.",
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      "text": "Javier Polit FWRD Board Tenure: 4 years TSR During Tenure: -78.8% Committee(s): Audit No other public company board experience outside of FWRD The Company did not file its 2023 10-K, 1Q24 10-Q or 2024 10-K in a timely manner",
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      "text": "Laurie A. Tucker FWRD Board Tenure: 6 years TSR During Tenure: -69.1% Committee(s): Corporate Governance and Nominating (Chair) and Executive In 2024, recommended an additional annual cash retainer of $125,000 for Mr. Mayes Has overseen TSR of -74.0%",
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      "text": "George S. Mayes, Jr. (Chair) FWRD Board Tenure: 4 years TSR During Tenure: -78.8% Committee(s): Compensation (Chair), Executive, and Corporate Governance and Nominating FWRD's Executive Committee met zero times in 2024 Received $306K in 2024 Has overseen 9.7% TSR",
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      "text": "TSR: -78.8%",
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      "text": "We believe shareholders will be better off by removing legacy Board members George S. Mayes, Jr., Javier Polit and Laurie A. Tucker, who continue to impede on what is best for shareholders by botching the Company's overdue strategic review and rolling out cosmetic, self-serving actions to try to buy themselves another year.",
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      "text": "Source: Forward Air's 2025 proxy statement. Total returns as of May 16, 2025.",
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      "text": "Shareholders Should Vote “AGAINST” the Targeted Directors to Send a Message That Change Is Needed Today",
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