Invacare Corporation Announces Cooperation Agreement With Azurite Management

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Aug 22, 2022

Invacare Corporation (NYSE: IVC) today announced that it has entered into a cooperation agreement with its largest shareholder, Azurite Management LLC (“Azurite”), which currently owns approximately 10.3% of the company’s outstanding shares as of June 30, 2022. As part of the agreement, Invacare appointed two new independent directors, Steven H. Rosen and Ambassador Edward F. Crawford, effective immediately. Mr. Rosen will serve on the company’s Audit and Compensation and Management Development Committees, and Ambassador Crawford will serve on the company’s Nominating and Governance Committee.