{"id":758677,"date":"2023-05-15T07:05:58","date_gmt":"2023-05-15T11:05:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/"},"modified":"2023-05-15T07:05:58","modified_gmt":"2023-05-15T11:05:58","slug":"both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/","title":{"rendered":"Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card"},"content":{"rendered":"<h2>\nISS states WM Argyle\u2019s campaign critique \u201camounts to a one-dimensional observation\u201d and \u201cfails to establish a cohesive argument\u201d<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">CICERO, Ill., May  15, 2023  (GLOBE NEWSWIRE) &#8212; Broadwind, Inc. (Nasdaq: BWEN) (\u201cBroadwind\u201d or the \u201cCompany\u201d) today announced that leading proxy advisory firms, Institutional Shareholder Services (\u201cISS\u201d) and Glass, Lewis &amp; Co. (\u201cGlass Lewis\u201d), have both recommended Broadwind stockholders vote on the Company\u2019s <strong>WHITE<\/strong> proxy card in favor of <u>all<\/u> seven of Broadwind\u2019s director nominees, as well as all other management proposals, at the upcoming 2023 annual meeting of stockholders scheduled to be held on May 23, 2023 (the \u201c2023 Annual Meeting\u201d).<\/p>\n<p align=\"justify\">In its report, ISS<sup>1<\/sup> notes the following:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt;text-align:justify\">\u201cBWEN has already booked its first win in this new environment, announcing the largest tower order in company history in January. The market has reacted positively to the order, operational performance has since been promising, and the analyst community has expressed a generally favorable outlook for BWEN\u2019s prospects.\u201d<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">\u201c[T]he dissident has presented a critique that amounts to a one-dimensional observation of historical underperformance. The critique overlooks recent developments (or is unconvincing in explaining why they are not important), emphasizes legacy deficiencies that are detached from the present state of affairs, and generally fails to establish a cohesive argument.\u201d<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">\u201cThe dissident has not made a compelling case for change. As such, votes FOR all seven management nominees are recommended.\u201d<\/li>\n<\/ul>\n<p align=\"justify\">In its report, Glass Lewis<sup>2<\/sup> notes the following:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:8pt;text-align:justify\">\u201c[W]e believe the future appears bright at the Company, evidenced not least by the recently announced Tower Order, with management and research analysts expecting strong performance and a return to profitability in 2023 and continuing through 2024.\u201d<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">\u201c[T]he Company Nominees are the most suitable candidates to lead Broadwind through what appears to be the beginning of an emergence from the industry downturn in the wake of the pandemic.\u201d<\/li>\n<li style=\"margin-bottom:8pt;text-align:justify\">\u201c[W]e share the same primary concern as the Company that none of the Dissident Nominees have backgrounds in clean technologies or energy transition manufacturing, nor have they served as a senior executive or director of a public company.\u201d<\/li>\n<\/ul>\n<p align=\"justify\">\u201cBroadwind welcomes the favorable recommendations from ISS and Glass Lewis following deep analysis of the Company,\u201d stated Eric Blashford, President and CEO of Broadwind. \u201cThese recommendations reinforce our belief that the Company is heading in the right direction under its current leadership.\u201d<\/p>\n<p align=\"justify\">\u201cWe acknowledge with appreciation the support from the leading proxy advisory firms for all of Broadwind\u2019s nominees,\u201d stated Cary B. Wood, Chairman of the Board. \u201cThese findings make it clear that the election of WM Argyle\u2019s nominees is unwarranted and would not be in the best interests of the Company\u2019s stockholders.\u201d<\/p>\n<p align=\"center\">\n        <strong>YOUR VOTE IS IMPORTANT<\/strong>\n      <\/p>\n<p align=\"center\">\n        <strong>VOTE \u201cFOR\u201d BROADWIND\u2019S DIRECTOR NOMINEES ON THE <\/strong><br \/>\n        <strong><br \/>\n          <u>WHITE<\/u><br \/>\n        <\/strong><br \/>\n        <strong> PROXY CARD TODAY<\/strong>\n      <\/p>\n<p>If you have any questions or require any assistance with respect to voting your shares, please contact the Company&#8217;s proxy solicitor, Morrow Sodali LLC:<\/p>\n<p align=\"center\">509 Madison Avenue Suite 1206<br \/>New York, New York 10022<br \/>Stockholders Call Toll Free: (800) 662-5200<br \/>Banks, Brokers, Trustees and Other Nominees Call Collect: (203) 658-9400<br \/>Email: BWEN@investor.MorrowSodali.com<\/p>\n<p>\n        <strong>CORPORATE CONTACT<\/strong>\n      <\/p>\n<p>Noel Ryan, IRC<br \/>BWEN@val-adv.com<\/p>\n<p>\n        <strong>Important Additional Information<\/strong>\n      <\/p>\n<p align=\"justify\">The Company, its directors and certain of its executive officers are participants in the solicitation of proxies from the Company\u2019s stockholders in connection with its upcoming 2023 Annual Meeting. The Company filed its definitive proxy statement and a\u00a0<strong>WHITE<\/strong>\u00a0proxy card with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on April 7, 2023 in connection with any such solicitation of proxies from the Company\u2019s stockholders.\u00a0<strong>STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING\u00a0<\/strong><strong><u>WHITE\u00a0<\/u><\/strong><strong>PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION<\/strong>. The Company\u2019s definitive proxy statement for the 2023 Annual Meeting contains information regarding the direct and indirect interests, by security holdings or otherwise, of the Company\u2019s directors and executive officers in the Company\u2019s securities. Information regarding subsequent changes to their holdings of the Company\u2019s securities can be found in the SEC filings on Forms 3, 4 and 5, which are available on the Company\u2019s website at http:\/\/investors.bwen.com or through the SEC\u2019s website at www.sec.gov. Information can also be found in the Company\u2019s other SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2022, filed on March 9, 2023. Stockholders will be able to obtain the definitive proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC\u2019s website atwww.sec.gov. Copies will also be available at no charge on the Company\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nN52v7FGs5YX0g5Ykho42cBddMs-13jR8_2DCgOm5iVpdKE_8W5_-PhssPfiDFR5eVjesxWMhmHTqQcgJybpIQRyHt5KzrClN0tWK5pCTa0=\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/investors.bwen.com<\/a>.\u00a0<\/p>\n<hr \/>\n<p>\n        <sup>1<\/sup> Permission to quote from the ISS report was neither sought nor obtained.<br \/><sup>2<\/sup> Permission to quote from the Glass Lewis report was neither sought nor obtained.<\/p>\n<p>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzODk2NyM1NTk0MzI4IzIwMTA1NDM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MTFiMDEzOGQtNTRiMS00MmQwLTg5MDEtZDQxOWM3NjM4Y2Y0LTEwMjIxMTY=\/tiny\/Broadwind-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ISS states WM Argyle\u2019s campaign critique \u201camounts to a one-dimensional observation\u201d and \u201cfails to establish a cohesive argument\u201d CICERO, Ill., May 15, 2023 (GLOBE NEWSWIRE) &#8212; Broadwind, Inc. (Nasdaq: BWEN) (\u201cBroadwind\u201d or the \u201cCompany\u201d) today announced that leading proxy advisory firms, Institutional Shareholder Services (\u201cISS\u201d) and Glass, Lewis &amp; Co. (\u201cGlass Lewis\u201d), have both recommended Broadwind stockholders vote on the Company\u2019s WHITE proxy card in favor of all seven of Broadwind\u2019s director nominees, as well as all other management proposals, at the upcoming 2023 annual meeting of stockholders scheduled to be held on May 23, 2023 (the \u201c2023 Annual Meeting\u201d). In its report, ISS1 notes the following: \u201cBWEN has already booked its first win in this new environment, announcing the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card&#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-758677","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>Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card - 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\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ISS states WM Argyle\u2019s campaign critique \u201camounts to a one-dimensional observation\u201d and \u201cfails to establish a cohesive argument\u201d CICERO, Ill., May 15, 2023 (GLOBE NEWSWIRE) &#8212; Broadwind, Inc. (Nasdaq: BWEN) (\u201cBroadwind\u201d or the \u201cCompany\u201d) today announced that leading proxy advisory firms, Institutional Shareholder Services (\u201cISS\u201d) and Glass, Lewis &amp; Co. (\u201cGlass Lewis\u201d), have both recommended Broadwind stockholders vote on the Company\u2019s WHITE proxy card in favor of all seven of Broadwind\u2019s director nominees, as well as all other management proposals, at the upcoming 2023 annual meeting of stockholders scheduled to be held on May 23, 2023 (the \u201c2023 Annual Meeting\u201d). In its report, ISS1 notes the following: \u201cBWEN has already booked its first win in this new environment, announcing the &hellip; Continue reading &quot;Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-15T11:05:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzODk2NyM1NTk0MzI4IzIwMTA1NDM=\" \/>\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=\"4 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\\\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card\",\"datePublished\":\"2023-05-15T11:05:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\\\/\"},\"wordCount\":831,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgzODk2NyM1NTk0MzI4IzIwMTA1NDM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\\\/\",\"name\":\"Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/","og_locale":"en_US","og_type":"article","og_title":"Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card - Market Newsdesk","og_description":"ISS states WM Argyle\u2019s campaign critique \u201camounts to a one-dimensional observation\u201d and \u201cfails to establish a cohesive argument\u201d CICERO, Ill., May 15, 2023 (GLOBE NEWSWIRE) &#8212; Broadwind, Inc. (Nasdaq: BWEN) (\u201cBroadwind\u201d or the \u201cCompany\u201d) today announced that leading proxy advisory firms, Institutional Shareholder Services (\u201cISS\u201d) and Glass, Lewis &amp; Co. (\u201cGlass Lewis\u201d), have both recommended Broadwind stockholders vote on the Company\u2019s WHITE proxy card in favor of all seven of Broadwind\u2019s director nominees, as well as all other management proposals, at the upcoming 2023 annual meeting of stockholders scheduled to be held on May 23, 2023 (the \u201c2023 Annual Meeting\u201d). In its report, ISS1 notes the following: \u201cBWEN has already booked its first win in this new environment, announcing the &hellip; Continue reading \"Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-15T11:05:58+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzODk2NyM1NTk0MzI4IzIwMTA1NDM=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card","datePublished":"2023-05-15T11:05:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/"},"wordCount":831,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzODk2NyM1NTk0MzI4IzIwMTA1NDM=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/both-leading-proxy-advisory-firms-iss-and-glass-lewis-recommend-stockholders-vote-for-all-of-broadwinds-nominees-on-the-companys-white-proxy-card\/","name":"Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote \u201cFOR\u201d All of Broadwind\u2019s Nominees on the Company\u2019s WHITE Proxy Card - 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