Orbic North America, LLC announced on July 14, 2025, that leading independent proxy advisory firm Glass Lewis & Co. recommended stockholders support AJP/Orbic's campaign for board change. Glass Lewis advised voting 'FOR' the election of three director candidates proposed by AJP Holding Company, LLC and Orbic.
The recommended candidates are Joseph M. Glynn, Surendra Singh, and Michael Wallace, to be elected on the BLUE proxy card. This recommendation provides significant support for the dissident shareholder group's efforts to reconstitute Sonim's board.
The recommendation from Glass Lewis is a material development in the ongoing proxy contest, as it can influence a substantial portion of institutional investor votes. This creates a split recommendation from major proxy advisory firms, highlighting the contentious nature of the election.
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