On January 3, 2018, Vintage Capital Management, LLC announced that it has entered into an agreement with Babcock & Wilcox Enterprises, Inc. Vintage Capital stated that under the agreement, the Company agreed, among other things, to increase the size of the Board to 10 members by adding 3 additional directors to the Board, and to appoint each of Henry E. Bartoli, Matthew E. Avril, and Kahn (collectively, the ‘shareholder nominees’) to the Board to serve as Class I, Class II, and Class III directors, respectively.