Orion Properties Rejects Kawa’s Board Nominees Over Bylaw Violations

Reuters
2025.11.26 14:10
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Orion Properties Inc. rejected The Kawa Fund Limited's nomination of five candidates for its Board of Directors at the 2026 annual meeting due to bylaw violations. Kawa failed to meet requirements such as proving stockholder eligibility and detailing company plans. Orion's Board unanimously decided against Kawa's nominations. The meeting date and proxy materials will be announced later, with no stockholder action needed currently.