Tennant Company announced the appointment of James T. Glerum, Jr. and Patrick Allen to its Board. The company confirmed both leaders will serve as independent directors effective immediately. Following these appointments, the Board expanded to 11 directors, including 10 independent members. Tennant also entered a cooperation and standstill agreement with Vision One regarding Mr. Allen’s appointment.
Leadership Experience Strengthens Strategic Oversight
Donal L. Mulligan, Chair of Tennant’s Board, highlighted the value of these new appointments.
“We are pleased to welcome Jim and Patrick to the Board and look forward to benefiting from their respective experiences, capabilities and insights as we advance our enterprise growth strategy,” said Donal L. Mulligan, Chair of Tennant’s Board of Directors. “We also thank Vision One for their constructive engagement and shared commitment to creating long-term value for shareholders. With a 40-year career in investment banking, Jim brings to the Board deep financial expertise in capital allocation, capital markets, mergers and acquisitions, and strategic planning. Patrick, who was recommended as a director candidate by Vision One, has an excellent track record of driving performance and disciplined execution at several leading public companies, including as a respected Chief Financial Officer.”
Jim brings 40 years of investment banking experience and extensive financial leadership expertise. He adds deep knowledge in capital allocation, capital markets, mergers, acquisitions, and strategic planning. Patrick, recommended by Vision One, brings strong public company financial leadership experience. He has driven disciplined execution and operational performance at several leading public companies.
Governance Commitments and Upcoming Filings
Under the cooperation agreement, Vision One accepted customary standstill, voting, and related provisions. Additionally, Tennant committed to proposing to declassify its Board in the 2027 proxy statement. The company will file the full cooperation agreement with the Securities and Exchange Commission. Tennant plans to include the agreement in a Current Report on Form 8-K filing. Furthermore, the Board will present director recommendations for election at the 2026 Annual Meeting. The company expects to hold the Annual Meeting on April 29, 2026.
For more stories on technology leaders shaping the future of enterprise solutions, visit our CXO Insiders.
Source: Businesswire
