The Phoenix Companies, Hartford, is sending a letter dated April 21 announcing an agreement to settle a proxy contest.
Under the agreement, promptly following the May 2 annual meeting, Augustus Oliver, a principal of Oliver Press, and another new, independent director, Arthur Weinbach, Chairman of the Board of Broadridge Financial Solutions, Inc., will be appointed to the Phoenix Board of Directors. The size of the Board will be increased from 13 to 15 directors.