{"id":472207,"date":"2021-04-06T16:23:30","date_gmt":"2021-04-06T20:23:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472207"},"modified":"2021-04-06T16:23:30","modified_gmt":"2021-04-06T20:23:30","slug":"ancora-comments-on-blucoras-misleading-letter-to-stockholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\/","title":{"rendered":"Ancora Comments on Blucora\u2019s Misleading Letter to Stockholders"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position:inside; }\n.bwuline { text-decoration: underline; }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nAncora Comments on Blucora\u2019s Misleading Letter to Stockholders\n<\/p>\n<p class=\"bwalignc\">\n\u00a0<b><i>Believes the Board of Directors is Now Pinning its Campaign on Personalized Attacks and Offensive Innuendo<\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Contends that a High-Functioning and Well-Governed Board of Directors Would Not Resort to Attacking a Sizable Stockholder\u2019s Character <\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Releases Supplemental Slides to Ensure Stockholders Know the Real Frederick D. DiSanto \u2013 Not the Caricature Constructed by Blucora <\/i><\/b><\/p>\n<p>CLEVELAND&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAncora Holdings, Inc. (together with its affiliates, \u201cAncora\u201d or \u201cwe\u201d), which collectively with the other participants in its solicitation beneficially owns approximately 3.4% of the outstanding common stock of Blucora, Inc. (NASDAQ: BCOR) (\u201cBlucora\u201d or the \u201cCompany\u201d), today issued the following <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fabetterblucora.com%2Fwp-content%2Fuploads%2F2021%2F04%2FSupplemental-Slides-April-6-2021.pdf&amp;esheet=52407526&amp;newsitemid=20210406006097&amp;lan=en-US&amp;anchor=supplemental+slides&amp;index=1&amp;md5=89ac0ed20b410d1ef7de34d7d9b8af05\">supplemental slides<\/a> in response to the recent attempts to smear nominee Frederick D. DiSanto: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.abetterblucora.com%2Fstockholder-resources&amp;esheet=52407526&amp;newsitemid=20210406006097&amp;lan=en-US&amp;anchor=www.abetterblucora.com%2Fstockholder-resources&amp;index=2&amp;md5=ef613660431154b435f101d67f765205\">www.abetterblucora.com\/stockholder-resources<\/a>.\n<\/p>\n<p>\nIn addition, Ancora issued the following statement:\n<\/p>\n<p>\n\u201cAncora is disappointed that Blucora\u2019s Board of Directors has decided to continue spending stockholders\u2019 resources on a highly-personalized, low-road campaign to smear Mr. DiSanto. In this morning\u2019s letter, Blucora once again attacked Mr. DiSanto\u2019s character, distorted his attempts to avert a contest and used innuendo to imply he is not attuned to the modern boardroom environment. We categorically reject Blucora\u2019s depiction of Mr. DiSanto, who has a three-decade track record defined by collegiality, ethics and openness. We hope investors recognize that a high-functioning and well-governed Board would not be resorting to character assassination as a means of mitigating change.\n<\/p>\n<p>\nAs previously noted, we urge stockholders to focus on the actions, decisions and financial results that the Board of Directors has presided over. Do not allow Blucora to use distractions and diversions to deflect attention away from what matters in this contest: the incumbents\u2019 boardroom decisions and professional records.\n<\/p>\n<p>\nEach of our nominees, including Mr. DiSanto, look forward to putting this election contest behind them and working in a collaborative manner with the remaining incumbents. Stockholders have our nominees\u2019 pledge that they will not allow the acrimony of this campaign to impact them. Our slate will build bridges in the Blucora boardroom, much like they have done throughout their careers.\u201d\n<\/p>\n<p class=\"bwalignc\">\n***\n<\/p>\n<p>\nAs a reminder, Ancora is seeking to reconstitute Blucora\u2019s 10-member Board of Directors at the Company\u2019s Annual Meeting of Stockholders on April 21, 2021 by removing four incumbent directors and electing four highly-qualified financial services industry experts: Mr. DiSanto, Cindy Schulze Flynn, Robert D. MacKinlay and Kimberly Smith Spacek.\n<\/p>\n<p>\nAncora encourages Blucora\u2019s stockholders and stakeholders to vote on the <b><span class=\"bwuline\">WHITE<\/span> Proxy Card <\/b>by signing, dating and returning each <b><span class=\"bwuline\">WHITE<\/span> Proxy Card<\/b> they receive. Please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fabetterblucora.com%2F&amp;esheet=52407526&amp;newsitemid=20210406006097&amp;lan=en-US&amp;anchor=www.ABetterBlucora.com&amp;index=3&amp;md5=8631c7a2f3f9092f5637b522f74a62fb\">www.ABetterBlucora.com<\/a> to download the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fabetterblucora.com%2Fwp-content%2Fuploads%2F2021%2F03%2FAncora-BCOR-ISS-Presentation-FINAL-3.29.21.pdf&amp;esheet=52407526&amp;newsitemid=20210406006097&amp;lan=en-US&amp;anchor=Ancora+slate%26%238217%3Bs+presentation&amp;index=4&amp;md5=d41e26c9f513034b52c4a5ad26799ac2\">Ancora slate\u2019s presentation<\/a> and obtain important information, including instructions for how to vote on the <b><span class=\"bwuline\">WHITE<\/span> Proxy Card <\/b>to elect our four-member slate.\n<\/p>\n<p class=\"bwalignc\">\n***\n<\/p>\n<p><b><span class=\"bwuline\">About Ancora<\/span><\/b><\/p>\n<p>\nAncora Holdings, Inc. is an employee owned, Cleveland, Ohio based holding company which wholly owns four separate and distinct SEC Registered Investment Advisers and a broker dealer. Ancora Advisors LLC specializes in customized portfolio management for individual investors, high net worth investors, investment companies (mutual funds), and institutions such as pension\/profit sharing plans, corporations, charitable &amp; \u201cNot-for Profit\u201d organizations, and unions. Ancora Family Wealth Advisors, LLC is a leading, regional investment and wealth advisor managing assets on behalf of families and high net-worth individuals. Ancora Alternatives LLC specializes in pooled investments (hedge funds\/investment limited partnerships). Ancora Retirement Plan Advisors, Inc. specializes in providing non-discretionary investment guidance for small and midsize employer sponsored retirement plans. Inverness Securities, LLC is a FINRA registered Broker Dealer.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406006097r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210406006097\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210406006097\/en\/<\/a><\/span><\/p>\n<p>\nFor Investors:<br \/>\n<br \/>Ancora Alternatives<br \/>\n<br \/>James Chadwick<br \/>\n<br \/>(216) 593-5048<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jchadwick@ancora.net\">jchadwick@ancora.net <\/a><\/p>\n<p>\nSaratoga Proxy Consulting LLC<br \/>\n<br \/>John Ferguson \/ Joe Mills, 212-257-1311<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jferguson@saratogaproxy.com\">jferguson@saratogaproxy.com<\/a><span class=\"bwuline\" \/>\/ <a rel=\"nofollow\" href=\"mailto:jmills@saratogaproxy.com\">jmills@saratogaproxy.com <\/a><\/p>\n<p>\nFor Media:<br \/>\n<br \/>Profile<br \/>\n<br \/>Greg Marose \/ Charlotte Kiaie, 347-343-2999<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:gmarose@profileadvisors.com\">gmarose@profileadvisors.com<\/a><span class=\"bwuline\" \/>\/ <a rel=\"nofollow\" href=\"mailto:ckiaie@profileadvisors.com\">ckiaie@profileadvisors.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North Dakota United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Ancora Comments on Blucora\u2019s Misleading Letter to Stockholders \u00a0Believes the Board of Directors is Now Pinning its Campaign on Personalized Attacks and Offensive Innuendo Contends that a High-Functioning and Well-Governed Board of Directors Would Not Resort to Attacking a Sizable Stockholder\u2019s Character Releases Supplemental Slides to Ensure Stockholders Know the Real Frederick D. DiSanto \u2013 Not the Caricature Constructed by Blucora CLEVELAND&#8211;(BUSINESS WIRE)&#8211; Ancora Holdings, Inc. (together with its affiliates, \u201cAncora\u201d or \u201cwe\u201d), which collectively with the other participants in its solicitation beneficially owns approximately 3.4% of the outstanding common stock of Blucora, Inc. (NASDAQ: BCOR) (\u201cBlucora\u201d or the \u201cCompany\u201d), today issued the following supplemental slides in response to the recent attempts to smear nominee Frederick D. DiSanto: www.abetterblucora.com\/stockholder-resources. In &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ancora Comments on Blucora\u2019s Misleading Letter to Stockholders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472207","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ancora Comments on Blucora\u2019s Misleading Letter to Stockholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ancora Comments on Blucora\u2019s Misleading Letter to Stockholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ancora Comments on Blucora\u2019s Misleading Letter to Stockholders \u00a0Believes the Board of Directors is Now Pinning its Campaign on Personalized Attacks and Offensive Innuendo Contends that a High-Functioning and Well-Governed Board of Directors Would Not Resort to Attacking a Sizable Stockholder\u2019s Character Releases Supplemental Slides to Ensure Stockholders Know the Real Frederick D. DiSanto \u2013 Not the Caricature Constructed by Blucora CLEVELAND&#8211;(BUSINESS WIRE)&#8211; Ancora Holdings, Inc. (together with its affiliates, \u201cAncora\u201d or \u201cwe\u201d), which collectively with the other participants in its solicitation beneficially owns approximately 3.4% of the outstanding common stock of Blucora, Inc. (NASDAQ: BCOR) (\u201cBlucora\u201d or the \u201cCompany\u201d), today issued the following supplemental slides in response to the recent attempts to smear nominee Frederick D. DiSanto: www.abetterblucora.com\/stockholder-resources. In &hellip; Continue reading &quot;Ancora Comments on Blucora\u2019s Misleading Letter to Stockholders&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-06T20:23:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406006097r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ancora Comments on Blucora\u2019s Misleading Letter to Stockholders\",\"datePublished\":\"2021-04-06T20:23:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\\\/\"},\"wordCount\":653,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210406006097r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ancora-comments-on-blucoras-misleading-letter-to-stockholders\\\/\",\"name\":\"Ancora Comments on Blucora\u2019s Misleading Letter to Stockholders - 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DiSanto \u2013 Not the Caricature Constructed by Blucora CLEVELAND&#8211;(BUSINESS WIRE)&#8211; Ancora Holdings, Inc. (together with its affiliates, \u201cAncora\u201d or \u201cwe\u201d), which collectively with the other participants in its solicitation beneficially owns approximately 3.4% of the outstanding common stock of Blucora, Inc. (NASDAQ: BCOR) (\u201cBlucora\u201d or the \u201cCompany\u201d), today issued the following supplemental slides in response to the recent attempts to smear nominee Frederick D. DiSanto: www.abetterblucora.com\/stockholder-resources. 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