{"id":810805,"date":"2025-02-10T07:07:01","date_gmt":"2025-02-10T12:07:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/leading-proxy-advisory-firm-glass-lewis-joins-iss-and-egan-jones-in-recommending-matthews-international-shareholders-vote-the-gold-proxy-card-for-all-of-barington-capitals-nominees-ana-amicarel\/"},"modified":"2025-02-10T07:07:01","modified_gmt":"2025-02-10T12:07:01","slug":"leading-proxy-advisory-firm-glass-lewis-joins-iss-and-egan-jones-in-recommending-matthews-international-shareholders-vote-the-gold-proxy-card-for-all-of-barington-capitals-nominees-ana-amicarel","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/leading-proxy-advisory-firm-glass-lewis-joins-iss-and-egan-jones-in-recommending-matthews-international-shareholders-vote-the-gold-proxy-card-for-all-of-barington-capitals-nominees-ana-amicarel\/","title":{"rendered":"Leading Proxy Advisory Firm Glass Lewis Joins ISS and Egan-Jones in Recommending Matthews International Shareholders Vote the GOLD Proxy Card “FOR” ALL of Barington Capital’s Nominees: Ana Amicarella, Chan Galbato and James Mitarotonda"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Glass Lewis Finds Matthews Has “Persistently Deteriorated and Consistently Underperformed During Substantially All Measurement Periods, Including During the Fullness of Mr. Bartolacci’s\u00a0<\/i>
\n Tenure as CEO”<\/i>\n <\/p>\n

\n Asserts Barington “Has Offered Investors a Reasonable, Credible and Incremental Slate of Candidates” and a “More Promising Roadmap” for the Company<\/i>\n <\/p>\n

\n Recommends Shareholders Vote “WITHHOLD”<\/b> on<\/i>
\n Matthews’ Nominees Terry L. Dunlap, Alvaro Garcia-Tunon<\/span> and J. Michael Nauman\u00a0<\/i>\n <\/p>\n

\n Barington Capital Urges Shareholders to Follow the Recommendations of ISS, Glass Lewis, and Egan-Jones by Voting the\u00a0GOLD<\/u><\/b>\u00a0Proxy Card\u00a0“FOR” <\/b>the Election ofALL<\/u><\/b> its Nominees<\/i>\n <\/p>\n

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\n NEW YORK<\/span>
\n <\/span>, Feb. 10, 2025<\/span><\/span> \/PRNewswire\/ — Barington Capital Group, L.P. (“Barington Capital”), a fundamental, value-oriented activist investor that, together with the other participants in its solicitation (collectively “Barington” or “we”), beneficially owns approximately 2.1% of the outstanding shares of Matthews International Corporation (NASDAQ: MATW) (“Matthews” or the “Company”), today announced that Glass Lewis & Co. (“Glass Lewis”), a leading independent proxy advisory firm, has recommended that Matthews shareholders vote on the\u00a0GOLD<\/u><\/b>\u00a0proxy card\u00a0“FOR” <\/b>the election of ALL<\/b>\u00a0of Barington’s highly skilled director nominees \u2013 Ana Amicarella<\/span>, Chan Galbato<\/span> and James Mitarotonda<\/span> \u2013 to the Board of Directors (the “Board”) in connection with Matthews’ Annual Meeting of Shareholders scheduled to be held February 20, 2025<\/span>.<\/p>\n

Glass Lewis joins two other leading proxy advisory firms \u2013 Institutional Shareholder Services Inc. (“ISS”) and Egan-Jones Proxy Services (“Egan-Jones”) \u2013 in recommending that Matthews shareholders vote on the\u00a0GOLD<\/u><\/b>\u00a0proxy card\u00a0“FOR” <\/b>the election of ALL<\/b>\u00a0of Barington’s director nominees.<\/p>\n

\n James Mitarotonda<\/span>, Chairman and CEO of Barington Capital, said, “We are pleased that Glass Lewis recognizes the need for change at Matthews and has endorsed our three highly qualified director nominees for election to the Matthews Board. Glass Lewis’ recommendations reinforce that Matthews has significantly underperformed under the leadership of Mr. Bartolacci and its deeply entrenched and long-tenured Board. According to Glass Lewis, the current Board is not well positioned to pursue the initiatives needed to improve Matthews’ performance, which are a result of our involvement. Glass Lewis acknowledges that Barington’s efforts to engage with Matthews as part of our consulting agreement appear to have been repeatedly met with resistance, ultimately leading to minimal progress on any of our proposed actions.<\/p>\n

“The unanimous support of all three leading proxy advisory firms \u2013 ISS, Glass Lewis, and Egan-Jones \u2013 powerfully underscores our belief that the election of Barington’s director nominees is a critical first step in unlocking Matthews’ full value potential. We urge shareholders to follow the recommendations of each proxy advisory firm by voting “FOR” ALL of Barington’s nominees \u2013 Ana Amicarella<\/span>, Chan Galbato<\/span> and James Mitarotonda<\/span> \u2013 on the GOLD proxy card today.”<\/p>\n

\n In commenting on the failures of the Matthews Board and management to act in the best interest of its shareholders, Glass Lewis stated*:<\/b>\n <\/p>\n