Parkland shareholder demands board change during sale consideration

A shareholder in Parkland Corp. is pushing for a board change as the company considers a sale. Engine Capital LP, which owns 2.5% of Parkland, claims the current board cannot represent investors' interests and is calling for new directors. Parkland recently announced a strategic review after previously resisting such changes. The company is now open to options, including a sale, following criticism of its stock performance and management accountability. Engine Capital also highlighted a court ruling favoring major shareholder Simpson Oil, which owns nearly 20% of Parkland. Simpson's directors resigned amid disputes, but Parkland has invited them to rejoin the board for the strategic review.