Resideo Chairman Re-Elected Against Significant Opposition
Resideo Chairman Roger Fradin faced significant opposition in a Board election that typically are rubber stamp events.
Inside this note, we examine Fradin's election, and the current state of affairs at Resideo which runs ADI and Honeywell Home businesses.
**** ****, ******* **** *** ****** shareholder ******* ***** *** ***** ******* were**-******* *** ****** ********** *************** **** ****** ** ****** being ***** ******* ***, ** *** chart ***** ************:
No ******* *******
******* *** *** ***** ** *** request *** ******* ** **** ******.
Fradin's **** *** **********
******, **, *** **** **** ** Honeywell ***** **** **** ********* ******** Pittway, ***** ****** *** ***. ****** was ** ********* ** ********* *** ~18 ***** ***** ******* *** **** out ** ****. ****** *** *** first *** ** *** **** ******** of *** ***** ** *******.
Shaky *****
******* *** ******** ** *** ***** few ***** ***** *** *******, ********* dealing **** ************ ******** ** ***** outside ** ********* *** **** ****** Honeywell **** *******. *** ***** ******* ~75% **** ***** ******, ******* *** all-time *** ** **** *** ********** since:
*******, ******, *** ***** ** *** where ********* ***** ** ***** ** even * ***** ***** *** *******.
Fradin **** ******
****** **** ** **** ** **** boards ****** ***** *** ******** ** Resideo, *.*., **** ** *** ******* work,**** *** *** ********:
Fradin ******** ** **** *****
****** ********* ******* ** ********, *** as ***** ** ******* *** ** Chair *** *** ** ******* *******, named "******* ********** ********".
******* ** * **** ****, ** 2021, ***************** ************* *************** ****** ** *** "*** ******* global ******** ** ****-******* *** ********** industrial *****, *********** ******* *****, ******** automation *********, *** **** *********** *** self-storage *********** ********."
** ***** ** ** ****, *****' stock ** *** ***** *** ******, down * ********** ****** **% **** a $*.** ******* *********:
****** **** *****, ***** ********* ******* (net ****** ** $**.* ******* ** 2021) *** ******* ** $*** ******* in **** (*** **** ********** ************).
Fradin / ******* *******
** ***** *** ** ********* ** Fradin ****** *** ***** ** *** next **** ** ***, ***** *** other ****** ********* *** ** ******* moves ****** *** ********* ********* ****-*** stage.
* ***** **** ** *** **** is *******, * ****** *** ***** once **** * **** *** ******** with *** *** **** *****. ** is **** *****, ****** *** ********. He ***** *******'* ******** ****** **** anyone.