Glass Lewis backs two Snow Park nominees for Front Yard board

|About: Front Yard Residential Corp... (RESI)|By:, SA News Editor

Snow Park Capital Partners, which has nominated three candidates for Front Yard Residential's (NYSE:RESI) board, says Glass Lewis recommends that stockholders vote to elect two of its nominees--Leland Abrams and Lazar Nikolic--to Front Yard's board.

Institutional Shareholders Service had already endorsed a majority of Snow Park's nominees, including Snow Park founder Jeffrey Pierce.

Snow Park is pushing for a change at Front Yard, citing the company's "$500M in value destruction since 2015" and its recent amended external management agreement with Altisource Asset Management Corp.

Previously: Front Yard Residential signs new pact with AAMC; Q1 core FFO in-line (May 8)

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