On February 19, 2025, Institutional Shareholder Services Inc. (ISS) reaffirmed its recommendation for Matthews International shareholders to vote 'FOR' the election of all of Barington Capital's director nominees. The nominees are Ana Amicarella, Chan Galbato, and James Mitarotonda, for the Annual Meeting of Shareholders scheduled for February 20, 2025.
ISS stated that Matthews' recent '11th hour efforts were a transparent attempt by the Board to avoid accountability, rather than a genuine commitment to install better governance.' The advisory firm questioned whether the Board rushed the SGK Brand Solutions sale to influence the election outcome.
James Mitarotonda, Chairman and CEO of Barington Capital, urged shareholders to follow ISS' definitive recommendation. This reaffirmation from a leading proxy advisory firm provided a final boost to the activist's campaign just hours before the critical shareholder vote.
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