Business
Matthews International Files Definitive Proxy Statement and Sends Letter to Shareholders
Urges shareholders to vote “FOR” Matthews’ three director nominees on the WHITE proxy card PITTSBURGH, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Matthews
About this update from Matthews International Corporation
[{"type":"text","content":"Urges shareholders to vote “FOR” Matthews’ three director nominees on the WHITE proxy card\nPITTSBURGH, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”) today announced that it has filed definitive proxy materials with the Securities and Exchange Commission (“SEC”) in connection with its upcoming Annual Meeting of Shareholders scheduled to be held on February 20, 2025. In conjunction with the definitive proxy filing, Matthews is mailing a letter to the Company’s shareholders. Highlights from the letter include: Under the Board and CEO Joe Bartolacci’s leadership, Matthews has developed into a strong, diversified and resilient provider of innovative solutions for customers around the globe.Matthews has announced the sale of SGK Brand Solutions at a compelling valuation. This is a transformative and complex transaction that the Company has been pursuing long before Barington was even a shareholder.The Board has launched an evaluation of strategic alternatives for our portfolio of businesses that remains ongoing. It expects to announce several initiatives over the course of the 2025 fiscal year that will help achieve that objective.Matthews’ Board is regularly refreshed, exceptionally qualified, highly engaged and best positioned to oversee the Company and the continued execution of its strategy and strategic review process.In contrast, none of the Barington nominees have a background or significant experience in the Company’s businesses. The full text of the letter being mailed to shareholders follows: January 10, 2025 Dear Fellow Shareholder, Your Board of Directors and management team are focused on enhancing the value of your investment in Matthews. Over the last several years, the Matthews leadership team has ushered the Company through a period of significant growth as it executed a strategic plan to diversify the Company’s businesses. At the same time, the Matthews Board of Directors has taken decisive action to unlock the value of the Company’s diversified business segments, which includes the commencement of a comprehensive review of strategic alternatives and the recently announced sale of the SGK Brand Solutions (SGK) business at a compelling valuation. At the upcoming Annual Meeting scheduled for February 20, 2025, you will have a critical decision to ...