On January 24, 2014, Navistar International Corporation announced that it encourages shareholders at its annual meeting to be held on March 10, 2014 to consider and express their views on proposal submitted by GAMCO Investors, Inc. requesting the Company's board to redeem the rights issued pursuant to the rights agreement (poison pill agreement) dated as of June 19, 2012, unless the holders of a majority of the outstanding shares of common stock approve the issuance at a meeting of the stockholders held as soon as practical, but makes no recommendation.