Most Oshkosh Directors Keep Seats; 1 Race Is Close

The truck maker appears to have fended off efforts from Carl Icahn to have a portion of the company's board replaced.

OSHKOSH, Wis. (AP) — Oshkosh Corp., the truck maker which has been pressed by investor Carl Icahn over the direction of the company and who should sit on its board, said on Friday that most of its directors had won election, although the voting for one director is too close to call.

Oshkosh said it believes that at least 12 of its 13 director nominees have been elected, based on the preliminary proxies turned in for its annual meeting on Friday.

Icahn, who holds about 9.5 percent of Oshkosh shares, had proposed a slate of six candidates for the 13-member board. Oshkosh did not identify the director who may not have gotten enough votes to be on the board.

No one at Icahn Enterprises LP was immediately available to talk about the election.

Oshkosh said it will announce preliminary vote totals within four business days.

"Over the last several weeks, we have had the opportunity to engage in productive and informative discussions with many Oshkosh shareholders, and we value their continued input," the company said in a written statement.

Oshkosh shares fell 71 cents, or 2.9 percent, to $24.09 in midday trading. Icahn Enterprises shares rose 26 cents to $38.12.

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