Green Touch Builders | Forestar agrees to nominate activist investor-backed directors to board
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February 9, 2015 By SEO Admin

Forestar agrees to nominate activist investor-backed directors to board

Forestar Group Inc., under pressure from a group of activist investors to alter the makeup of its board of directors, said Monday it has agreed to make several changes to the board.

Forestar (NYSE: FOR) said it had reached a deal with the investor group, headed by SpringOwl Associates LLC and Cove Street Capital LLC, to appoint two new directors, while announcing the resignation of one director and the retirement of another. The board is now comprised of 12 directors.

Effective Monday, SpringOwl…