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NN, Inc. Appoints Ted White to Board of Directors

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NNBR
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CHARLOTTE, N.C., Jan. 20, 2026 (GLOBE NEWSWIRE) -- NN, Inc. (“NN” or the “Company”) (NASDAQ: NNBR), ...

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AI Summary

NN, Inc. has appointed Ted White to its Board, focusing on enhancing shareholder value through a new strategic committee. Supported by Legion Partners, this move signifies potential opportunities for share appreciation as the company continues its transformation efforts.

Sentiment Rationale

White's extensive governance experience and support from key shareholders enhance potential for strategic value creation, reminiscent of past instances where board changes facilitated significant company turnarounds, boosting investor confidence.

Trading Thesis

Consider buying CCO shares; Ted White's expertise may drive shareholder value in the short term.

Market-Moving

  • Ted White's board appointment may lead to strategic shifts that influence share performance.
  • Legion Partners' involvement could signal increased institutional support for NNBR.
  • The cooperation agreement indicates potential positive changes in governance affecting investor sentiment.
  • Market reaction might be favorable if strategic initiatives yield immediate results.

Key Facts

  • NN, Inc. appoints Ted White to Board of Directors.
  • White's role aims to enhance shareholder value through strategic initiatives.
  • Legion Partners, NN's major shareholder, supports the appointment.
  • White brings extensive experience in governance and capital markets.
  • NNBR seeks to unlock share value amid ongoing transformation.

Companies Mentioned

  • Clear Channel Outdoor Holdings, Inc. (CCO): Ted White has been a director since 2024, influencing governance.
  • NN, Inc. (NNBR): NN aims for shareholder value enhancement via strategic changes.
  • Legion Partners Asset Management (N/A): Key shareholder that supports NN's governance changes.
  • Corre Partners Management, LLC (N/A): Supportive of governance changes, potentially influencing NN's management direction.

Corporate Developments

This event falls under Corporate Developments as it involves significant governance changes, impacting strategic decisions and potential shareholder value for NN. Appointing Ted White suggests a proactive stance in enhancing management effectiveness and responding to shareholder interests, which can resonate positively in the market.

NN, Inc. Appoints Ted White to Board of Directors

CHARLOTTE, N.C., Jan. 20, 2026 – NN, Inc. (NASDAQ: NNBR), a leading global diversified industrial company, has appointed Ted White to its Board of Directors effective immediately. This strategic move is part of a broader effort to enhance shareholder value through a newly established cooperation agreement with Legion Partners Asset Management, LLC, a significant shareholder.

Strategic Appointment Boosts Board Expertise

Ted White, co-founder and Managing Director at Legion Partners, brings extensive experience in institutional investment and corporate governance to the Board. His role will be crucial in guiding the company's strategic committee, which focuses on evaluating various strategies to increase shareholder value.

“We are pleased to welcome Ted to the Board,” said Harold Bevis, President and CEO of NN. “His expertise will help us capitalize on our transformational opportunities for profitable growth.”

White’s Vision for NN, Inc.

In his statement following the appointment, White expressed enthusiasm about joining NN during this pivotal moment for the company. “I look forward to working with my fellow directors to unlock the significant upside in NNBR’s shares for the benefit of all shareholders,” he noted.

His integration into the Board comes after positive engagement with another major shareholder, Corre Partners Management, LLC, which has voiced support for his appointment and role within the strategic committee.

Cooperation Agreement Details

The cooperation agreement between NN, Inc. and Legion includes standard provisions such as a standstill and voting commitment. This agreement aims to foster collaboration and will be disclosed in a Form 8-K filing with the U.S. Securities and Exchange Commission.

Ted White: A Proven Leader

White's experience spans several high-level roles, including his previous positions at Knight Vinke Asset Management and the California Public Employees’ Retirement System (CalPERS), where he managed a $3 billion Governance Program. Notably, he has served on the Board of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) since 2024.

His educational background includes an MBA from California State University, Sacramento, with a focus in finance, alongside being a Chartered Financial Analyst Charterholder.

About NN, Inc.

NN, Inc. specializes in engineering and manufacturing high-precision components and assemblies aimed at various global markets. Based in Charlotte, North Carolina, NN operates facilities across North America, Europe, South America, and China, leveraging advanced engineering and materials science expertise.

For more information about NN, Inc. and its offerings, please visit www.nninc.com.

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