Safeguard Scientifics expands its board after facing activist investors, again


Directors backed by activist investors who clashed with Radnor-based Safeguard Scientifics’ last year now make up half of the Radnor-based investment firm’s board.

In its proxy statement filed Friday, Safeguard — which is in the midst of winding down investment operations and returning capital to shareholders after implementing a shift in strategy in January 2018 — said the board voted last month to add a seat to the board and appoint Horton Capital Management’s Joseph Manko to fill…

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