<SEC-DOCUMENT>0000921895-25-001663.txt : 20250602
<SEC-HEADER>0000921895-25-001663.hdr.sgml : 20250602
<ACCEPTANCE-DATETIME>20250602162927
ACCESSION NUMBER:		0000921895-25-001663
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250602
DATE AS OF CHANGE:		20250602
EFFECTIVENESS DATE:		20250602

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORWARD AIR CORP
		CENTRAL INDEX KEY:			0000912728
		STANDARD INDUSTRIAL CLASSIFICATION:	ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				621120025
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22490
		FILM NUMBER:		251015396

	BUSINESS ADDRESS:	
		STREET 1:		1915 SNAPPS FERRY ROAD
		STREET 2:		BUILDING N
		CITY:			GREENEVILLE
		STATE:			TN
		ZIP:			37745
		BUSINESS PHONE:		4236367000

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 1058
		CITY:			GREENEVILLE
		STATE:			TN
		ZIP:			37744

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LANDAIR SERVICES INC
		DATE OF NAME CHANGE:	19930928

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ancora Alternatives LLC
		CENTRAL INDEX KEY:			0001836192
		ORGANIZATION NAME:           	
		EIN:				854053337
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		6060 PARKLAND BLVD.
		STREET 2:		SUITE #200
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44124
		BUSINESS PHONE:		216-825-4000

	MAIL ADDRESS:	
		STREET 1:		6060 PARKLAND BLVD.
		STREET 2:		SUITE #200
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44124
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">NOTICE OF EXEMPT SOLICITATION<BR>
<FONT STYLE="font-weight: normal">Submitted Pursuant to Rule 14a-6(g)</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">(Amendment No. ____)</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">Name of the Registrant:<BR>
<BR>
Forward Air Corporation</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">Name of Person Relying on Exemption:<BR>
<BR>
Ancora Alternatives LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">Address of Person Relying on the Exemption:<BR>
<BR>
C/O ANCORA HOLDINGS GROUP, LLC<BR>
6060 Parkland Boulevard, Suite 200<BR>
Cleveland, Ohio 44124</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">Written Material. The following written materials are attached:<BR>
<BR>
Press Release, dated June 2, 2025.<BR>
<BR>
Press Release, dated June 2, 2025.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Written materials are submitted pursuant to
Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934. This is not a solicitation of authority to vote your proxy. Ancora
Alternatives LLC (together with its affiliates, &ldquo;Ancora&rdquo;) is not asking for your proxy card and will not accept proxy cards
if sent. The cost of this filing is being borne entirely by Ancora.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>PLEASE NOTE: Ancora is not asking for your
proxy card and cannot accept your proxy card. Please DO NOT send us your proxy card.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>(Written material follows on next page)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 16"><B>Forward Air Shareholders
Recommended to Vote <U>AGAINST</U><BR>
Three Unfit Legacy Directors at 2025 Annual Meeting by ISS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>ISS Concludes <U>Chairman George Mayes, Jr.</U>,
<U>Director Javier Polit</U> and <U>Director Laurie Tucker</U> Presided Over Destructive Decision-Making That Contributed to an Enormous
Decline in Value</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>ISS Highlights the &quot;Urgency for a Well-Run
Strategic Review Process&quot;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Shareholders Cite Substantial Risk of Further Value
Destruction as Rationale for Removal of the Three Legacy Directors, Each of Whom Approved and Oversaw the Disastrous Omni Acquisition</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">CLEVELAND--(</FONT>BUSINESS
WIRE<FONT STYLE="font-size: 10pt">)--Ancora Holdings Group, LLC (together with its affiliates, &ldquo;Ancora&rdquo; or &ldquo;we&rdquo;),
a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (&ldquo;Forward Air&rdquo; or the &ldquo;Company&rdquo;), today announced
that Institutional Shareholder Services Inc. (&ldquo;ISS&rdquo;), a leading independent proxy advisory firm, recommends that Forward Air
shareholders vote <B><U>AGAINST</U></B> the reelection of three members of the Board of Directors (the &ldquo;Board&rdquo;) at the 2025
Annual Meeting of Shareholders: (1.) Chairman and Compensation Committee Chair <B><U>George S. Mayes, Jr.</U></B>,&nbsp;(2.) Audit Committee
Member <B><U>Javier Polit</U></B>&nbsp;and&nbsp;(3.) Corporate Governance and Nominating Committee Chair <B><U>Laurie A. Tucker</U></B>.
</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In its report, ISS notes the following regarding the
case for change at Forward Air:<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>&#8220;In light of the urgency for a well-run strategic review process, coupled with the governance
failures related to the value-destructive Omni acquisition, there is a case for change at the board level.&#8221;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>&nbsp;</I></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>&#8220;Shareholders have every right to be concerned about the likelihood of a positive outcome given
the board's track record on M&amp;A decision making and the <B>board's utter disregard for investors in the past</B>.&#8221;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"><B><I>&nbsp;</I></B></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>&#8220;[Voting against the reelection of these directors would] signal to the board that shareholders
expect a genuine, timely, and thorough process.&#8221;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fredrick D. DiSanto, Chairman and Chief Executive
Officer of Ancora Holdings Group LLC, and James Chadwick, President of Ancora Alternatives LLC, commented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&ldquo;ISS has reiterated what sizable shareholders
have recognized: investors are best served by removing the targeted legacy directors, who presided over critical governance failures that
have contributed to immense value destruction and perpetual risk. As ISS noted in its recommendation, the Company&rsquo;s ongoing strategic
review has the potential to destroy even more value if not well executed. Mr. Mayes, Mr. Polit and Ms. Tucker&rsquo;s collective track
record &ndash; from approving the disastrous Omni acquisition to effectively delaying a leading potential acquirer from participating
in the current, slow-moving review &ndash; demonstrates they cannot be trusted to make decisions in the best interest of shareholders.
Quite simply, their presence on the Board is a detriment to any credible assessment of alternatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">This message from ISS should serve as a wake-up call
to the Board about the need to complete an expeditious, yet thorough, process that results in a value-maximizing sale to one of the many
suitors interested in acquiring Forward Air. We expect anything short of this outcome will result in a shareholder seeking to remove and
replace a majority of the Board.&quot;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<HR ALIGN="LEFT" SIZE="1" STYLE="width: 5pc; margin-top: 12pt">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT> Permission to quote ISS was neither sought nor obtained. Emphasis by Ancora.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>About Ancora</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Founded in 2003, Ancora Holdings Group, LLC offers
integrated investment advisory, wealth management, retirement plan services and insurance solutions to individuals and institutions across
the United States. The firm is a long-term supporter of union labor and has a history of working with union groups and public pension
plans to deliver long-term value. Ancora&rsquo;s comprehensive service offering is complemented by a dedicated team that has the breadth
of expertise and operational structure of a global institution, with the responsiveness and flexibility of a boutique firm. Ancora Alternatives
is the alternative asset management division of Ancora Holdings Group, investing across three primary strategies: activism, multi-strategy
and commodities. For more information about Ancora Alternatives, please visit&nbsp;www.ancoraalts.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">THIS IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR
PROXY. DO NOT SEND US YOUR PROXY CARD. ANCORA IS NOT ASKING FOR YOUR PROXY CARD AND WILL NOT ACCEPT PROXY CARDS IF SENT. ANCORA IS NOT
ABLE TO VOTE YOUR PROXY, NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Contacts</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Longacre Square Partners LLC<BR>
Greg Marose / Bela Kirpalani, 646-386-0091<BR>
gmarose@longacresquare.com / bkirpalani@longacresquare.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Saratoga Proxy Consulting LLC<BR>
John Ferguson / Joseph Mills, 212-257-1311<BR>
info@saratogaproxy.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 16"><B>Glass Lewis Joins ISS
in Recommending Forward Air Shareholders Vote <U>AGAINST</U> Three Unfit Legacy Directors at 2025 Annual Meeting</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Both Leading Proxy Advisory Firms Recommend Shareholders
Vote <B>AGAINST</B> <U>Chairman George Mayes, Jr.</U>, <U>Director Javier Polit</U> and <U>Director Laurie Tucker</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>Glass Lewis Confirms That These Three Directors
Are Unlikely to be &ldquo;Procedurally Accretive&rdquo; to the Ongoing Strategic Review</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">CLEVELAND--(</FONT>BUSINESS
WIRE<FONT STYLE="font-size: 10pt">)--Ancora Holdings Group, LLC (together with its affiliates, &ldquo;Ancora&rdquo; or &ldquo;we&rdquo;),
a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (&ldquo;Forward Air&rdquo; or the &ldquo;Company&rdquo;), today announced
that a second independent proxy advisory firm, Glass, Lewis &amp; Co. (&ldquo;Glass Lewis&rdquo;), has joined Institutional Shareholder
Services Inc. (&ldquo;ISS&rdquo;), in recommending that Forward Air shareholders vote <B><U>AGAINST</U></B> the reelection of three members
of the Board of Directors (the &ldquo;Board&rdquo;) at the 2025 Annual Meeting of Shareholders: (1.) <B><U>George S. Mayes, Jr.</U></B>,&nbsp;(2.)
<B><U>Javier Polit</U></B>&nbsp;and&nbsp;(3.) <B><U>Laurie A. Tucker</U></B>. </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In its report, Glass Lewis states the following regarding
the case for removing these directors from the Board:<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>&#8220;Are legacy directors who served during the questionable pursuit, fumbled execution and to-date
maladroit implementation of the Omni deal credibly positioned to oversee Forward&#8217;s current assessment of value-maximizing opportunities?
We believe the answer is a firm no.&#8221;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><I>&#8220;[I]nvestors do not have clear and compelling cause to believe Messrs. Mayes and Polit and Ms.
Tucker are likely to be procedurally accretive and indeed have ample cause to conclude they have not been effective in preserving and
enhancing shareholder value, particularly in the context of transformative transactions.&#8221;</I></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Fredrick D. DiSanto, Chairman and Chief Executive
Officer of Ancora Holdings Group LLC, and James Chadwick, President of Ancora Alternatives LLC, commented:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&ldquo;With both Glass Lewis and ISS endorsing the
removal of the legacy directors, shareholders should drive the necessary change by voting against their reelection at the Annual Meeting.
This is the best way to ensure the Board conducts a comprehensive process that results in a value-maximizing sale of the Company.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>About Ancora</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Founded in 2003, Ancora Holdings Group, LLC offers
integrated investment advisory, wealth management, retirement plan services and insurance solutions to individuals and institutions across
the United States. The firm is a long-term supporter of union labor and has a history of working with union groups and public pension
plans to deliver long-term value. Ancora&rsquo;s comprehensive service offering is complemented by a dedicated team that has the breadth
of expertise and operational structure of a global institution, with the responsiveness and flexibility of a boutique firm. Ancora Alternatives
is the alternative asset management division of Ancora Holdings Group, investing across three primary strategies: activism, multi-strategy
and commodities. For more information about Ancora Alternatives, please visit&nbsp;www.ancoraalts.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<HR ALIGN="LEFT" SIZE="1" STYLE="width: 5pc; margin-top: 12pt">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT> Permission to quote Glass Lewis was neither sought nor obtained. Emphasis by Ancora.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">THIS IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR
PROXY. DO NOT SEND US YOUR PROXY CARD. ANCORA IS NOT ASKING FOR YOUR PROXY CARD AND WILL NOT ACCEPT PROXY CARDS IF SENT. ANCORA IS NOT
ABLE TO VOTE YOUR PROXY, NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>Contacts</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Longacre Square Partners LLC<BR>
Greg Marose / Bela Kirpalani, 646-386-0091<BR>
gmarose@longacresquare.com / bkirpalani@longacresquare.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Saratoga Proxy Consulting LLC<BR>
John Ferguson / Joseph Mills, 212-257-1311<BR>
info@saratogaproxy.com</P>



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