0001193125-26-157085
SEC filingThree directors notified American Vanguard Corporation of their intention not to stand for re-election to the Board at the 2026 Annual Meeting, reducing the Board size from nine to seven directors as agreed with lenders.
The departure of three directors—Scott Baskin, Emer Gunter, and Carmen Tiu de Mino—follows a strategic commitment made by American Vanguard Corporation in connection with the First Lien Term Loan agreement entered into on March 13, 2026. As part of the financing arrangement with lenders led by Centerbridge Partners, L.P., the Company agreed to reduce the Board size from nine to seven members and appoint one independent director selected in consultation with the lenders. The notifications were received on April 10, 2026, well within the 90-day timeline stipulated by the credit agreement. The filing explicitly states that the decisions were not the result of any dispute or disagreement with the Company, framing the changes as a procedural execution of financing terms rather than a signal of internal governance conflict.