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April 10, 2014
09:17 EDTRTKRentech announces settlement agreement with CRS
Rentech entered into a settlement agreement with CRS. As part of the agreement and in addition to certain standstill restrictions accepted by CRS: An additional director candidate approved by CRS will be nominated by the Company for election to its Board of Directors at the 2014 annual meeting of shareholders, or appointed to the Board of Directors shortly thereafter. In order to facilitate the election of the additional director candidate, Rentech will place a proposal on the ballot for the 2014 annual meeting of shareholders to expand the Board of Directors by one director; The formation of a Finance Committee consisting of five members including Messrs. Ostrover and Moore and the additional director candidate approved by CRS. The Finance Committee will be responsible for approving significant capital expenditures, reviewing and taking action to reduce Rentech’s cost structure, and reviewing the Company’s executive compensation practices; CRS will withdraw its slate of nominees for the 2014 annual meeting of shareholders; CRS will vote all of its shares in favor of the board’s slate of director nominees at the 2014 annual meeting of shareholders; and CRS will withdraw its preliminary proxy solicitation to call a special meeting of shareholders.
News For RTK From The Last 14 Days
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November 18, 2015
09:16 EDTRTKRentech sees second phase of Wawa conveyance replacements in 1Q16
Rentech provided an update on its wood pellet production facilities in Ontario, Canada. The Atikokan facility achieved record production of approximately 1,850 metric tons of pellets for the week ended November 14. The plant's design capacity is 110,000 metric tons per year, or 2,115 metric tons per week. The Wawa facility resumed pellet production this past Friday, having been offline to modify the log in-feed system and complete the most critical phase of its conveyer replacements. Wawa has been operating at approximately 30% of design capacity since coming online, and is again shipping pellets to the port of Quebec, for delivery to Drax. The company to complete the second phase of conveyance replacements at Wawa in the first quarter of 2016, with the goal of operating at full capacity in the second half of the 2016.

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