Engine Capital To Nominate Director Candidates At Navigant's 2018 Meeting

(RTTNews) - Engine Capital LP, a shareholder of Navigant Consulting, Inc. (NCI), with ownership of approximately 4.4% of the outstanding shares of the company, announced it has delivered a letter to Navigant's Board. Engine's current intention is to nominate director candidates at Navigant's 2018 Annual Meeting.

Engine believes two avenues exist for the Board to significantly increase shareholder value. One option is for NCI to remain a standalone public company, but with an intense focus on improving margins, reducing working capital, reducing capital expenditures, optimizing balance sheet and capital allocation, aligning executive compensation with the most relevant metrics for shareholder value creation and strengthening its corporate governance and board composition. The other option is to initiate a review of the company's strategic alternatives.