{"id":474626,"date":"2021-04-12T07:03:14","date_gmt":"2021-04-12T11:03:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/stratus-properties-inc-sends-letter-to-shareholders\/"},"modified":"2021-04-12T07:03:14","modified_gmt":"2021-04-12T11:03:14","slug":"stratus-properties-inc-sends-letter-to-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stratus-properties-inc-sends-letter-to-shareholders\/","title":{"rendered":"Stratus Properties Inc. Sends Letter to Shareholders"},"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\"><b>Stratus Properties Inc. Sends Letter to Shareholders<\/b><\/p>\n<p class=\"bwalignc\"><i>Launches <span class=\"bwuline\">YourStratus.com<\/span><\/i><\/p>\n<p class=\"bwalignc\"><i>Files Definitive Proxy Statement for 2021 Annual Meeting <\/i><\/p>\n<p class=\"bwalignc\"><i>Urges Shareholders to Vote on the <b><span class=\"bwuline\">WHITE<\/span><\/b> Proxy Card <b>\u201cFOR\u201d<\/b> Stratus\u2019 Highly-Qualified Director Nominees James Leslie and Neville Rhone, Jr. and <b>\u201cFOR\u201d<\/b> Proposal to Appoint Laurie Dotter to the Board<\/i><\/p>\n<p>AUSTIN, Texas&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nStratus Properties Inc. (NASDAQ: STRS) (\u201cStratus\u201d or the \u201cCompany\u201d) today issued a letter to shareholders regarding its upcoming 2021 Annual Meeting of Shareholders (the \u201cAnnual Meeting\u201d), which is scheduled to be held on June 4, 2021.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210412005474\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210412005474\/en\/<\/a><\/p>\n<p>\nAn offshore hedge fund, Oasis Management Company Ltd (\u201cOasis\u201d), is seeking to replace two directors, James Leslie and Neville Rhone, Jr., in order to advance a self-serving agenda at odds with the best interests of the majority of Stratus\u2019 shareholders.\n<\/p>\n<p>\nIn the letter, Beau Armstrong, the Company\u2019s Chief Executive Officer and Chairman of the Board, provides important information about Stratus, the Company\u2019s history of shareholder value creation, the successful stewardship of its directors, the Oasis agenda, and what is at stake in this election.\n<\/p>\n<p>\nStratus urges its shareholders to vote on the <b><span class=\"bwuline\">WHITE<\/span><\/b> proxy card <b>\u201cFOR\u201d<\/b> both of Stratus\u2019 highly-qualified director nominees, Messrs. Leslie and Rhone, and <b>\u201cFOR\u201d<\/b> the shareholder proposal to appoint an additional shareholder-recommended director, Laurie Dotter, to the Board.\n<\/p>\n<p>\nStratus is sending its definitive proxy statement, annual report to shareholders and shareholder letter to all shareholders entitled to vote, along with the Company\u2019s <b><span class=\"bwuline\">WHITE<\/span><\/b> proxy card. Stratus filed with the Securities and Exchange Commission its definitive proxy statement, which can be found on Stratus\u2019 website, <span class=\"bwuline\">stratusproperties.com<\/span>. Shareholders can learn more about Stratus\u2019 story, get help with voting at the Annual Meeting, and view all future proxy-related communications by visiting the Company\u2019s newly-launched proxy page: <span class=\"bwuline\">YourStratus.com<\/span>.\n<\/p>\n<p>\nShareholders as of the record date April 8, 2021 will be entitled to vote at the Annual Meeting. Shareholders with questions should contact the Company\u2019s proxy solicitor, Innisfree M&amp;A Incorporated, at (877) 456-3442 (Toll-Free) or (212) 750-5833.\n<\/p>\n<p><b><i>About Stratus Properties Inc.<\/i><\/b><\/p>\n<p>\nStratus is a diversified real estate company engaged primarily in the acquisition, entitlement, development, management, and sale of commercial, and multi-family and single-family residential real estate properties, real estate leasing, and the operation of hotel and entertainment businesses located in the Austin, Texas area and other select, fast-growing markets in Texas.\n<\/p>\n<p><b><i>Forward-Looking Statements<\/i><\/b><\/p>\n<p>\nThis press release contains forward-looking statements in which Stratus discusses factors it believes may affect its future performance. Forward-looking statements are all statements other than statements of historical fact. The words \u201canticipates,\u201d \u201cmay,\u201d \u201ccan,\u201d \u201ccould,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cpotential,\u201d \u201cpossible,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cprojects,\u201d \u201ctargets,\u201d \u201cintends,\u201d \u201clikely,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cto be\u201d and any similar expressions are intended to identify those assertions as forward-looking statements. Stratus cautions readers that forward-looking statements are not guarantees of future performance, and its actual results may differ materially from those anticipated, expected, projected or assumed in the forward- looking statements. Important factors that can cause Stratus\u2019 actual results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, Stratus\u2019 ability to continue to effectively develop and execute its strategies, Stratus\u2019 potential conversion to a REIT, the uncertain and ongoing impact of the COVID-19 pandemic, and other factors described in more detail under the heading \u201cRisk Factors\u201d in Stratus\u2019 Annual Report on Form 10-K for the year ended December 31, 2020, filed with the U.S. Securities and Exchange Commission (SEC).\n<\/p>\n<p>\nInvestors are cautioned that many of the assumptions upon which Stratus&#8217; forward-looking statements are based are likely to change after the forward-looking statements are made. Further, Stratus may make changes to its business plans that could affect its results. Stratus cautions investors that it does not intend to update its forward-looking statements more frequently than quarterly notwithstanding any changes in its assumptions, business plans, actual experience, or other changes, and Stratus undertakes no obligation to update any forward-looking statements.\n<\/p>\n<p><b><i>Important Information <\/i><\/b><\/p>\n<p>\nStratus has filed with the SEC a definitive proxy statement and associated WHITE proxy card in connection with the solicitation of proxies for the Company&#8217;s 2021 Annual Meeting. Details concerning the nominees of the Company&#8217;s Board of Directors for election at the 2021 Annual Meeting are included in the definitive proxy statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE COMPANY&#8217;S DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO, AND ASSOCIATED WHITE PROXY CARD, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and shareholders are able to obtain a copy of the definitive proxy statement and other relevant documents filed by the Company free of charge from the SEC&#8217;s website, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52409745&amp;newsitemid=20210412005474&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=1c271183471565a046d762c2faf48095\">www.sec.gov<\/a>. The Company&#8217;s shareholders are also able to obtain, without charge, a copy of the definitive proxy statement and other relevant filed documents by directing a request by mail to Stratus Properties Inc. at 212 Lavaca Street, Suite 300, Austin, TX 78701, or by calling the Company\u2019s proxy solicitor, Innisfree M&amp;A Incorporated, toll-free at (877) 456-3442.\n<\/p>\n<p class=\"bwalignc\">\n____________________________\n<\/p>\n<p class=\"bwalignc\">\nA copy of this release is available on Stratus&#8217; website, stratusproperties.com.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210412005474r1&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\/20210412005474\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210412005474\/en\/<\/a><\/span><\/p>\n<p><b><i>Investors<\/i><\/b><\/p>\n<p>\nWilliam H. Armstrong III<br \/>\n<br \/>512-478-5788\n<\/p>\n<p><b><i>Media<\/i><\/b><\/p>\n<p>\nSydney Isaacs \/ Jeremy Jacobs<br \/>\n<br \/>Abernathy MacGregor<br \/>\n<br \/>713-817-9346 \/ 212-371-5999<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:SRI@abmac.com\">SRI@abmac.com<\/a> \/ <a rel=\"nofollow\" href=\"mailto:JRJ@abmac.com\">JRJ@abmac.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210412005474\/en\/870580\/3\/Stratus-logo_print.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Stratus Properties Inc. Sends Letter to Shareholders Launches YourStratus.com Files Definitive Proxy Statement for 2021 Annual Meeting Urges Shareholders to Vote on the WHITE Proxy Card \u201cFOR\u201d Stratus\u2019 Highly-Qualified Director Nominees James Leslie and Neville Rhone, Jr. and \u201cFOR\u201d Proposal to Appoint Laurie Dotter to the Board AUSTIN, Texas&#8211;(BUSINESS WIRE)&#8211; Stratus Properties Inc. (NASDAQ: STRS) (\u201cStratus\u201d or the \u201cCompany\u201d) today issued a letter to shareholders regarding its upcoming 2021 Annual Meeting of Shareholders (the \u201cAnnual Meeting\u201d), which is scheduled to be held on June 4, 2021. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210412005474\/en\/ An offshore hedge fund, Oasis Management Company Ltd (\u201cOasis\u201d), is seeking to replace two directors, James Leslie and Neville Rhone, Jr., in order &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stratus-properties-inc-sends-letter-to-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Stratus Properties Inc. Sends Letter to Shareholders&#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-474626","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stratus Properties Inc. Sends Letter to Shareholders - 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\/stratus-properties-inc-sends-letter-to-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stratus Properties Inc. Sends Letter to Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Stratus Properties Inc. Sends Letter to Shareholders Launches YourStratus.com Files Definitive Proxy Statement for 2021 Annual Meeting Urges Shareholders to Vote on the WHITE Proxy Card \u201cFOR\u201d Stratus\u2019 Highly-Qualified Director Nominees James Leslie and Neville Rhone, Jr. and \u201cFOR\u201d Proposal to Appoint Laurie Dotter to the Board AUSTIN, Texas&#8211;(BUSINESS WIRE)&#8211; Stratus Properties Inc. (NASDAQ: STRS) (\u201cStratus\u201d or the \u201cCompany\u201d) today issued a letter to shareholders regarding its upcoming 2021 Annual Meeting of Shareholders (the \u201cAnnual Meeting\u201d), which is scheduled to be held on June 4, 2021. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210412005474\/en\/ An offshore hedge fund, Oasis Management Company Ltd (\u201cOasis\u201d), is seeking to replace two directors, James Leslie and Neville Rhone, Jr., in order &hellip; Continue reading &quot;Stratus Properties Inc. 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