Monday, February 22, 2016

Air Methods fires back at angry shareholder




Air Methods Corp. has fired back at a big shareholder who claims the company's board of directors has a "penchant for self-preservation."

In answer to criticism raised by Voce Capital, which owns 2.8 percent of Air Methods, the Centennial airport-based air ambulance company answered by saying the current board "is highly independent and deeply engaged with management to ensure its strategic plan is fully aligned with the best interest of all shareholders."

Voce had proposed that Air Methods entertain offers to sell the company, but company officials said in a statement that it is "successfully executing on a series of strategic initiatives to further optimize the business, drive sustainable growth and position the company for long-term success."

"Our record demonstrates that the board is receptive to shareholder input and takes its fiduciary duties seriously," Air Methods said.

Voce has put up two candidates for election to the company's board of directors.

Original article can be found here: http://www.bizjournals.com

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