On January 28, 2025, independent proxy advisory firm Egan-Jones Proxy Services recommended that Matthews International shareholders vote 'FOR' all of Barington Capital's director nominees. The nominees are Ana Amicarella, Chan Galbato, and James Mitarotonda, for election at Matthews' Annual Meeting of Shareholders on February 20, 2025.
Egan-Jones also recommended shareholders 'WITHHOLD' on Matthews' nominees Terry L. Dunlap, Alvaro Garcia-Tunon, and J. Michael Nauman, and vote 'AGAINST' all other Matthews' proposals. This recommendation underscores Egan-Jones' belief that change at Matthews is long overdue and urgently needed, starting at the top.
James Mitarotonda, Chairman and CEO of Barington Capital, stated that Egan-Jones' recommendation reinforces their view that Matthews is more interested in maintaining the status quo than refreshing the Board. The firm believes its nominees will bring fresh perspectives and expertise to drive sustained value creation.
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.