Steel Partners Holdings Announces Board and Management Fee Deferrals
In light of the unprecedented circumstances and the rapidly changing situation concerning the coronavirus, the Board of Directors unanimously approved the deferral of all Board and Management Fees through the second quarter of 2020 and will review continuing this decision quarterly throughout 2020.
"Our leadership believes it is critical that we take decisive actions. I am very proud of our team's tireless efforts to always be there for each other, our communities, our customers, and our stakeholders. We will continue to look at additional cost reduction actions as the situation develops so that we may continue to serve all of our customers and stakeholders to the best of our ability," said Executive Chairman,