Entravision Communications Corporation (NYSE:EVC) announced Monday it mutually agreed with Alexandra Seros and related trusts to terminate their Cooperation Agreement, per a recent SEC filing.
The agreement, dated May 4, 2023, required Entravision to nominate a board candidate chosen by the stockholders. In return, stockholders committed to certain ownership terms.
With termination, all rights and obligations are void. However, Thomas Strickler, nominated under the agreement, remains on the board.
The stock trades at $8.08, up 364% over the past year. Bond.az analysis suggests the shares may be overvalued.
