On February 12, 2025, Barington Capital Group, L.P. sent a letter to Matthews International shareholders, urging them to vote 'FOR' the election of its director nominees. Barington highlighted the unanimous support for its nominees—Ana B. Amicarella, Chan W. Galbato, and James Mitarotonda—from all three leading independent proxy advisory firms: ISS, Glass Lewis, and Egan-Jones.
James Mitarotonda, Chairman and CEO of Barington Capital, stated that the time for change at Matthews is now, citing the company's 'dismal fiscal 2025 first quarter earnings results' as further evidence of management's pattern of false hope and empty promises. He emphasized that electing Barington's nominees would help protect shareholder value and restore accountability.
Barington encouraged shareholders to follow the recommendations of these credible third-party proxy advisory firms by voting the GOLD proxy card. This final appeal aimed to galvanize shareholder support ahead of the upcoming Annual Meeting.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.