On May 15, 2025, Barington Capital Group, the activist investor that lost a high-profile board fight at Matthews International earlier in the year, increased its holding in the company. A new filing showed that Barington increased its investment by approximately 40% to 798,617 shares during the first three months of 2025.
This increase in ownership occurred despite Barington's unsuccessful attempt in late February to elect its three director candidates to Matthews' board. The activist firm had criticized the company's underperformance and advocated for a change in CEO and strategic divestitures.
Barington's continued investment suggests its ongoing interest in influencing Matthews' strategic direction. While the proxy fight was lost, the increased stake indicates that the activist investor remains engaged with the company.
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