Squires, Hudson named to Forestar board
Forestar Group Inc. said Monday that it has appointed Richard D. Squires of Lennox Capital Partners and Ashton Hudson of Rock Creek Capital to serve as Directors of the company. Kathleen Brown and Charles W. Matthews have resigned from the Board. Both appointments are part of an agreement with Carlson Capital LP and Cove Street Capital LLC. Both Carlson and Cove Street have agreed to vote their shares in favor of the Board’s recommended director nominees and certain other proposals the Board may recommend to stockholders for approval at the 2016 Annual Meeting and abide by other customary standstill provisions through early 2017. Austin-based Forestar Group operates in three business segments: real estate, oil and gas and other natural resources.
