On July 1, 2025, Barington Capital Group urged Matthews International to immediately invite the activist investor onto its board, or face a potential second proxy battle next year. This renewed pressure comes after Barington lost a high-profile fight for three board seats earlier in the year.
In a letter, Barington criticized Matthews' business portfolio, capital allocation, lagging stock price, and long-serving CEO. The activist investor underscored the same issues that formed the basis of its previous campaign, indicating persistent dissatisfaction with the company's direction.
This development signals that Matthews International may continue to face challenges from Barington Capital. The activist's demand for board representation and the threat of another proxy contest could lead to ongoing strategic and governance debates within the company.
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