{"id":756646,"date":"2023-05-09T10:50:49","date_gmt":"2023-05-09T14:50:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\/"},"modified":"2023-05-09T10:50:49","modified_gmt":"2023-05-09T14:50:49","slug":"hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\/","title":{"rendered":"Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting"},"content":{"rendered":"

<\/p>\n

Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting<\/b><\/p>\n

Announces Stockholders Voted to Elect Four Hestia-Nominated Director Candidates to the Company\u2019s Nine-Member Board<\/i><\/b><\/p>\n

Appreciates <\/i>Stockholders for Providing <\/i>a Clear Mandate for Constructive, Positive Change<\/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 holds a 9.1% stake, today commented on the outcome of the Company\u2019s 2023 Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d). At the Annual Meeting, stockholders voted to elect four of Hestia\u2019s highly qualified and independent candidates \u2013 Milena Alberti-Perez, Todd Everett, Katie May and Kurt Wolf \u2013 to the Company\u2019s nine-member Board of Directors (the \u201cBoard\u201d).<\/p>\n

\nMr. Wolf, the Founder and Chief Investment Officer of Hestia, stated:<\/p>\n

\n\u201cWe greatly appreciate our fellow stockholders for voting to elect four Hestia-nominated director candidates at this year\u2019s Annual Meeting. We also want to thank the many stockholders who took the time to engage in thoughtful two-way conversations with us in recent weeks and months. That engagement will benefit the four of us as we enter the boardroom and start working with the incumbent directors to spur a value-generating turnaround at Pitney Bowes. Now that this election contest is over, all of our time can be devoted to strengthening the Company. Our slate believes it has been given a mandate for constructive, positive change \u2013 and we look forward to working with our fellow directors to deliver on that mandate over the near-term and long-term.<\/p>\n

\nOn a personal note, I want to take this opportunity to thank the departing directors for their commitment and years of service to Pitney Bowes. Along with the remaining directors, they have been true champions of Pitney Bowes and its storied brand.<\/p>\n

\nI also want to conclude by reaffirming that I will not be accepting Board fees or seeking expense reimbursement for costs incurred in recent months, to ensure that my interests are perfectly aligned with my fellow stockholders. This was a pledge I made to my fellow stockholders, and one that I will absolutely keep.\u201d<\/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\/20230509005835\/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> Professional Services Finance<\/p>\n

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

Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting Announces Stockholders Voted to Elect Four Hestia-Nominated Director Candidates to the Company\u2019s Nine-Member Board Appreciates Stockholders for Providing a Clear Mandate for Constructive, Positive Change 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 holds a 9.1% stake, today commented on the outcome of the Company\u2019s 2023 Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d). At the Annual Meeting, stockholders voted to elect four of Hestia\u2019s highly qualified and independent candidates \u2013 Milena Alberti-Perez, Todd Everett, Katie May and Kurt Wolf \u2013 to the Company\u2019s … <\/p>\n

Continue reading “Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting”<\/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-756646","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting - 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-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting Announces Stockholders Voted to Elect Four Hestia-Nominated Director Candidates to the Company\u2019s Nine-Member Board Appreciates Stockholders for Providing a Clear Mandate for Constructive, Positive Change 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 holds a 9.1% stake, today commented on the outcome of the Company\u2019s 2023 Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d). At the Annual Meeting, stockholders voted to elect four of Hestia\u2019s highly qualified and independent candidates \u2013 Milena Alberti-Perez, Todd Everett, Katie May and Kurt Wolf \u2013 to the Company\u2019s … Continue reading "Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-09T14:50:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230509005835r1&sid=flmnd&distro=nx&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=\"2 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\\\/hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting\",\"datePublished\":\"2023-05-09T14:50:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\\\/\"},\"wordCount\":516,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230509005835r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hestia-capital-thanks-fellow-stockholders-for-their-support-at-pitney-bowes-2023-annual-meeting\\\/\",\"name\":\"Hestia Capital Thanks Fellow Stockholders for Their Support at Pitney Bowes\u2019 2023 Annual Meeting - 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