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Ennis, Inc. Reports That Director Michael Schaefer Will Not Be Nominated for Re-election

1. Michael Schaefer will not seek re-election to the Board of EBF. 2. He plans to sell 30,000 shares of common stock.

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FAQ

Why Neutral?

Board member departures can create uncertainty. However, his share sale suggests personal financial planning rather than negative company outlook.

How important is it?

The article highlights changes in leadership and insider selling, which could affect investor confidence. Such events often prompt scrutiny but are common occurrences in corporate governance.

Why Short Term?

The immediate effect of a board member's exit may influence investor sentiment temporarily. Long-term impact remains dependent on the company's strategic direction and leadership changes.

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MIDLOTHIAN, Texas--(BUSINESS WIRE)--Ennis, Inc. (the “Company”), (NYSE: EBF), today reported that Michael Schaefer, a member of the Company's Board of Directors and current chair of the Audit Committee, will not be nominated for re-election at the annual shareholders meeting in July. On April 25, 2025, Mr. Schaefer filed a Form 144 with the Securities and Exchange Commission announcing his intention to sell 30,000 shares of the Company's common stock. Mr. Schaefer's decision to sell was to addr.

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