Investors investigation focused on the proxy solicitation battle between Aerojet’s executive chairman Warren Lichtenstein alleging an upcoming “self-serving board coup” and chief executive officer (CEO) Eileen Drake’s claims of Lichtenstein’s “conflict of interest.”
Main Event
Lichtenstein v. Drake
04/27/2022
Complaint on file
Warren Lichtenstein, executive chairman of Aerojet Rocketdyne Holdings, Inc. announces that he and SPH Group Holdings, LLC have filed a complaint in the United States District Court for the Central District of California against Aerojet Rocketdyne chief executive officer Eileen Drake and her slate of director nominees, which includes incumbents Kevin Chilton, Thomas Corcoran and Lance Lord.
“The complaint lays out Ms. Drake’s unprecedented intent to gain control over Aerojet Rocketdyne by unlawfully misleading shareholders in several circumstances, including in the preliminary proxy materials“
The stock impact compares the closing price immediately preceding the date of the event and the following closing price. The price difference also reflects the overall mix of information.
Stock Impact
| Close |
Previous close |
Price variation |
Percentage variation |
| $40.45 |
$40.21 |
$0.24 |
0.6% |
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