{"id":747039,"date":"2023-04-12T09:06:59","date_gmt":"2023-04-12T13:06:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hestia-capital-releases-presentation-detailing-the-urgent-need-for-changes-in-leadership-and-strategy-at-pitney-bowes\/"},"modified":"2023-04-12T09:06:59","modified_gmt":"2023-04-12T13:06:59","slug":"hestia-capital-releases-presentation-detailing-the-urgent-need-for-changes-in-leadership-and-strategy-at-pitney-bowes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hestia-capital-releases-presentation-detailing-the-urgent-need-for-changes-in-leadership-and-strategy-at-pitney-bowes\/","title":{"rendered":"Hestia Capital Releases Presentation Detailing the Urgent Need for Changes in Leadership and Strategy at Pitney Bowes"},"content":{"rendered":"

<\/p>\n

Hestia Capital Releases Presentation Detailing the Urgent Need for Changes in Leadership and Strategy at Pitney Bowes<\/b><\/p>\n

Visit <\/i><\/b>www.TransformPBI.com<\/i><\/b><\/a> to Download a Copy of the Presentation and Obtain Information About How to Vote on the WHITE<\/span> Universal Proxy Card<\/i><\/b><\/p>\n

PITTSBURGH–(BUSINESS WIRE<\/a>)–
\nHestia Capital Management, LLC (collectively with its affiliates, \u201cHestia\u201d or \u201cwe\u201d), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE: PBI) (\u201cPitney Bowes\u201d or the \u201cCompany\u201d) and has a beneficial ownership position of 8.5% of the Company\u2019s outstanding common stock, today announced that it has issued a presentation that details the urgent need for boardroom change and opportunity for a sustainable, value-enhancing turnaround. Notably, Hestia\u2019s director candidates have prepared a comprehensive six-pillar plan that targets a $15+ stock price in the coming years, which they believe will also help improve the Company\u2019s credit profile. The six-pillar plan can be viewed at the following link: bit.ly\/TransformPitneyBowes<\/a>.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230412005354\/en\/<\/a><\/p>\n

\nAs a reminder, Hestia is seeking to elect five highly qualified and independent candidates to Pitney Bowes\u2019 nine-member Board of Directors (the \u201cBoard\u201d) at the Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d) on May 9, 2023. To maximize the likelihood of a turnaround at Pitney Bowes, we urge you to vote for Hestia\u2019s full slate on the WHITE<\/span><\/b> universal proxy card or WHITE<\/span><\/b> voting instruction form. Visit www.TransformPBI.com<\/a> to download a copy of the presentation and sign up for future updates.<\/p>\n

About Hestia Capital<\/span><\/b><\/p>\n

\nHestia Capital is a long-term focused, deep value investment firm that typically makes investments in a narrow selection of companies facing company-specific, and\/or industry, disruptions. Hestia seeks to leverage its General Partner\u2019s expertise in competitive strategy, operations and capital markets to identify attractive situations within this universe of disrupted companies. These companies are often misunderstood by the general investing community or suffer from mismanagement, which we reasonably expect to be corrected, and provide the \u2018price dislocations\u2019 which allows Hestia to identify, and invest in, highly attractive risk\/reward investment opportunities.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230412005354\/en\/<\/a><\/span><\/p>\n

\nLongacre Square Partners
\n
Charlotte Kiaie \/ Miller Winston, 646-386-0091
\n
hestia@longacresquare.com<\/a><\/p>\n

\nSaratoga Proxy Consulting LLC
\n
John Ferguson \/ Joe Mills, 212-257-1311
\n
info@saratogaproxy.com<\/a><\/p>\n

KEYWORDS:<\/b> Pennsylvania United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Business Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Hestia Capital Releases Presentation Detailing the Urgent Need for Changes in Leadership and Strategy at Pitney Bowes Visit www.TransformPBI.com to Download a Copy of the Presentation and Obtain Information About How to Vote on the WHITE Universal Proxy Card PITTSBURGH–(BUSINESS WIRE)– Hestia Capital Management, LLC (collectively with its affiliates, \u201cHestia\u201d or \u201cwe\u201d), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE: PBI) (\u201cPitney Bowes\u201d or the \u201cCompany\u201d) and has a beneficial ownership position of 8.5% of the Company\u2019s outstanding common stock, today announced that it has issued a presentation that details the urgent need for boardroom change and opportunity for a sustainable, value-enhancing turnaround. Notably, Hestia\u2019s director candidates have prepared a comprehensive six-pillar plan that targets a $15+ … <\/p>\n

Continue reading “Hestia Capital Releases Presentation Detailing the Urgent Need for Changes in Leadership and Strategy at Pitney Bowes”<\/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-747039","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHestia Capital Releases Presentation Detailing the Urgent Need for Changes in Leadership and Strategy at Pitney Bowes - 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\/hestia-capital-releases-presentation-detailing-the-urgent-need-for-changes-in-leadership-and-strategy-at-pitney-bowes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hestia Capital Releases Presentation Detailing the Urgent Need for Changes in Leadership and Strategy at Pitney Bowes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Hestia Capital Releases Presentation Detailing the Urgent Need for Changes in Leadership and Strategy at Pitney Bowes Visit www.TransformPBI.com to Download a Copy of the Presentation and Obtain Information About How to Vote on the WHITE Universal Proxy Card PITTSBURGH–(BUSINESS WIRE)– Hestia Capital Management, LLC (collectively with its affiliates, \u201cHestia\u201d or \u201cwe\u201d), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE: PBI) (\u201cPitney Bowes\u201d or the \u201cCompany\u201d) and has a beneficial ownership position of 8.5% of the Company\u2019s outstanding common stock, today announced that it has issued a presentation that details the urgent need for boardroom change and opportunity for a sustainable, value-enhancing turnaround. 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