An activist investor who previously served on the Medifast Inc. board and pushed for changes at the company is back in the fold again. Glenn Welling and his fund, Engaged Capital LLC, have taken a 15% stake in Baltimore-based Medifast, according to a filing Monday with the U.S. Securities and Exchange Commission. Welling was a director on Medifast’s board from June 2015 to March 2018. His renewed involvement with Medifast comes as the company’s stock price has fallen 33% year-to-date amid information…
from https://www.bizjournals.com/baltimore/news/2019/11/18/activist-investor-who-helped-overhaul-medifast.html?ana=RSS&s=article_search
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