CVG Announces Appointment of Ari Levy to Board of Directors

Rhea-AI Summary

Commercial Vehicle Group (NASDAQ: CVGI) announced on Feb 6, 2026 that Ari Levy of Lakeview Investment Group was appointed as an independent director and the Board was expanded to seven members. Lakeview owns approximately 8.9% of outstanding shares. Mr. Levy will join the Nominating, Governance and Sustainability, and Audit Committees and will stand for re-election at the Company’s 2026 Annual Meeting of Stockholders. The company and Lakeview executed a support agreement that includes customary standstill provisions.

Positive

• Lakeview ownership of 8.9% signals material investor commitment
• Ari Levy joins key committees: Nominating, Governance & Audit
• Board expanded to 7 members, adding governance capacity

Negative

• Large 8.9% stake may materially shift board voting dynamics
• Support agreement includes a standstill, limiting activist actions

NEW ALBANY, Ohio, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company" or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, today announced that its Board of Directors (“Board”) appointed Ari Levy of Lakeview Investment Group (“Lakeview”) as an independent director. Lakeview owns approximately 8.9% of the outstanding shares of the Company. In connection with Mr. Levy’s appointment, the Board was expanded to 7 members. Mr. Levy will serve on the Board’s Nominating, Governance and Sustainability, and Audit Committees.

Mr. Levy is the founder, President, and Chief Investment Officer of Lakeview Investment Group, a Chicago based Investment Manager focused on the public markets. Mr. Levy was the President of Levy Acquisition Corp, a NASDAQ listed acquisition vehicle, and subsequently served on the Board of the resulting public company, Del Taco, until it was acquired by Jack in the Box in early 2022. Ari holds a B.A. in International Relations from Stanford University.

“We are excited to welcome Ari to the Board,” said William Johnson, Chair of the Board of Directors. “His background and experience as a founder, operator, and investor will be valuable assets as we look to drive long-term value creation.”

“I am thrilled to join the CVG Board of Directors,” Ari Levy said. “I look forward to working alongside my fellow board members to help guide the Company into the future and maximize value for all stakeholders.”

Mr. Levy will stand for re-election at the Company’s 2026 Annual Meeting of Stockholders.

In connection with the appointment of Mr. Levy to the Board, the Company and Lakeview entered into a support agreement that contains customary standstill provisions.

Company Contact
Andy Cheung
Chief Financial Officer
CVG
IR@cvgrp.com

Investor Relations Contact
Ross Collins or Nathan Skown
Alpha IR Group
CVGI@alpha-ir.com

About CVG

CVG is a global provider of systems, assemblies and components to the global commercial vehicle market and the electric vehicle market. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries and communities we serve. Information about the Company and its products is available on the internet at www.cvgrp.com.

FAQ

What does the appointment of Ari Levy mean for CVGI shareholders?

It adds an investor-aligned director to the Board and governance committees. According to the company, Mr. Levy brings founder/operator and investment experience and will serve on three committees, potentially increasing engagement between a significant shareholder and management.

How much of CVGI does Lakeview Investment Group own after Ari Levy's appointment?

Lakeview owns approximately 8.9% of CVGI outstanding shares. According to the company, that stake accompanied Mr. Levy’s board appointment and represents a meaningful ownership position for governance influence.

When will Ari Levy stand for re-election to the CVGI board (NASDAQ: CVGI)?

Mr. Levy will stand for re-election at CVGI’s 2026 Annual Meeting of Stockholders. According to the company, his appointment is effective immediately and re-election will occur at the 2026 shareholder meeting.

What are the terms of the support agreement between CVGI and Lakeview?

The Company and Lakeview entered a support agreement that contains customary standstill provisions. According to the company, the agreement formalizes cooperation and includes standard limitations on certain shareholder actions during the term.