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Activist investor Engine Capital successfully pushed for a shakeup at the company last year. Engine Capital's slate of nominees was appointed after the previous board resigned together ahead of a shareholder vote.

Wahi says he has made repeated attempts to constructively engage with the new board, but they have been fruitless.

Dye & Durham announced a review of strategic alternatives to maximize value for shareholders earlier this year. The company said at the time that the review may include a sale of the company, asset sales, recapitalizations or potential mergers.

Dye & Durham spokesperson Carmela Antolino says the board and management remain committed to maximizing value for all shareholders and have been focused on addressing the company’s foundational issues, including strengthening the balance sheet and refining its product portfolio.

This report by ºÃÉ«tvwas first published Oct. 2, 2025.

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