On February 20, 2019, W. R. Grace & Co. announced that it entered into a letter agreement to nominate 2 additional directors in connection with its 2019 annual meeting of stockholders. Henry Slack, Chairman of Alico, Inc., and Kathleen Reiland, Global Head of Strategy and Development at Standard Industries Inc., will be added to the slate of nominees recommended by the Company Board for election at the 2019 annual meeting. with the addition of 2 new directors, the Company Board would expand from 9 to 11 directors. The Company added that the decision to add 2 directors is made in collaboration with the Company’s shareholder, 40 North Latitude Master Fund Ltd., which owns about 14 percent of the Company’s outstanding shares.