NKLA - Nikola's Boardroom Showdown: Former Chairman Trevor Milton-Led Shareholder Group Slams CEO Girsky Says Our Nominations Still Stand | Benzinga
M&M Residual, which owns approximately 4.5% of Nikola Corporation (NASDAQ:NKLA), issued a statement on its five director candidates for election to the company’s nine-member Board of Directors.
The stockholder group’s director candidates include Cole Cannon, Derek Johnson, Hans Peterson, Paul Southam, and Dave Sparks.
“Since taking over as Chair in 2020, CEO Steve Girsky and his Board have overseen a staggering and consistent decline in Nikola’s stock from $30+ per share to a delisting Nasdaq price of less than seventy cents per share. Clearly, the status quo cannot continue,” M&M Residual said in a statement.
Over the last one year, shares of Nikola lost over 65% of its stock value, per data ...