{"id":813739,"date":"2025-02-17T11:16:29","date_gmt":"2025-02-17T16:16:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\/"},"modified":"2025-02-17T11:16:29","modified_gmt":"2025-02-17T16:16:29","slug":"barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\/","title":{"rendered":"Barington Capital Calls on Matthews International Shareholders to Elect Ana Amicarella, Chan Galbato and James Mitarotonda to the Matthews Board to Help Restore Good Governance and Drive Value Creation"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p class=\"prntac\">\n        <i>Sends Letter to Matthews&#8217; Shareholders Highlighting the Company&#8217;s Poor Governance, Deeply Troubling Board Culture and Desperate, Last-Ditch Effort to Placate Shareholders Ahead of 2025 Annual Meeting<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>Believes Matthews&#8217; Proposed Governance Improvements and Sale of SGK Brand Solutions Division Are a Direct Response to Barington&#8217;s Positive Influence and that Shareholders Remain at Risk Without Barington&#8217;s Nominees on the Board <\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>Urges Matthews Shareholders to Vote <b>&#8220;FOR&#8221;\u00a0<\/b>the Election of\u00a0<b><u>ALL<\/u><\/b>\u00a0of Barington Capital&#8217;s Highly Qualified Nomin<\/i><br \/>\n        <i>ees Whose Proven <\/i><br \/>\n        <i>Board Effectiveness, Relevant Skills and Backgrounds, and Fierce Commitment to Shareholders Will Benefit <\/i><br \/>\n        <b><br \/>\n          <i><br \/>\n            <u>ALL<\/u><br \/>\n          <\/i><br \/>\n        <\/b><br \/>\n        <i> Matthews Shareholders<\/i>\n      <\/p>\n<p id=\"temp_ReleaseStart\">\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 17, 2025<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0Barington Capital Group, L.P. (&#8220;Barington Capital&#8221;), a fundamental, value-oriented activist investor that, together with the other participants in its solicitation (collectively &#8220;Barington&#8221; or &#8220;we&#8221;), beneficially owns approximately 2.2% of the outstanding shares of common stock of Matthews International Corporation (NASDAQ: MATW) (&#8220;Matthews&#8221; or the &#8220;Company&#8221;), today sent a letter to the Company&#8217;s shareholders urging them to elect Barington&#8217;s highly qualified director nominees \u2013 <span class=\"xn-person\">Ana B. Amicarella<\/span>, <span class=\"xn-person\">Chan W. Galbato<\/span> and <span class=\"xn-person\">James Mitarotonda<\/span> \u2013 to the Matthews Board of Directors (the &#8220;Board&#8221;) to help restore good governance and drive value creation at Matthews.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2621451\/Matthews_International___Letter_to_Shareholders___February_17_2025.pdf?p=original\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2621451\/Matthews_International___Letter_to_Shareholders___February_17_2025.pdf?p=pdfthumbnail\" title=\"Matthews International - Letter to Shareholders - February 17 2025\" alt=\"Matthews International - Letter to Shareholders - February 17 2025\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p class=\"prntal\">\n        <b>The full letter is available at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4363969-1&amp;h=2375943698&amp;u=https%3A%2F%2Fbarington.com%2Fmatthews&amp;a=https%3A%2F%2Fbarington.com%2Fmatthews\" target=\"_blank\" rel=\"nofollow\">https:\/\/barington.com\/matthews<\/a><\/b>\n      <\/p>\n<p class=\"prntaj\">\n        <span class=\"xn-person\">James Mitarotonda<\/span>, Chairman and CEO of Barington Capital, said, &#8220;In these critical final days leading up to Matthews&#8217; 2025 Annual Meeting of Shareholders, it is clear to us that Matthews is only taking action \u2013 including its recently announced corporate governance improvements and sale of the SGK Brand Solutions division \u2013 out of desperation rather than a genuine commitment to long-term value creation. Indeed, we are convinced that these changes are a direct result of Barington&#8217;s positive influence, a last-minute attempt to placate shareholders without addressing the deep systemic issues plaguing the Company, and underscore why shareholders remain at risk without Barington&#8217;s nominees on the Board.<\/p>\n<p class=\"prntaj\">&#8220;We believe that shareholders of Matthews, both large and small, deserve truly independent directors who will serve as fierce advocates for them and ensure that governance and operational decisions are made with their best interests in mind. Barington has already driven meaningful change from outside the boardroom in just a few months. Imagine how much more our three highly qualified nominees could accomplish with a seat at the table. We therefore strongly urge Matthews shareholders to vote <b>&#8220;FOR&#8221; <\/b>the election of<b> ALL<\/b> of Barington&#8217;s nominees, whose proven board effectiveness, relevant skills and backgrounds, and shareholder-focused mindset will help to improve the Company&#8217;s governance, reestablish its credibility in the marketplace and maximize long-term shareholder value.&#8221;<\/p>\n<p class=\"prntac\">\n        <b>TIME IS RUNNING OUT: PROTECT THE VALUE OF YOUR INVESTMENT AND VOTE &#8220;FOR&#8221; ALL OF BARINGTON&#8217;S NOMINEES TODAY<\/b>\n      <\/p>\n<p class=\"prntal\">\n        <b>For additional information regarding Barington&#8217;s campaign at Matthews, visit: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4363969-1&amp;h=4197997674&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4336762-1%26h%3D3816643840%26u%3Dhttps%253A%252F%252Fbarington.com%252Fmatthews%26a%3Dhttps%253A%252F%252Fbarington.com%252Fmatthews&amp;a=https%3A%2F%2Fbarington.com%2Fmatthews\" target=\"_blank\" rel=\"nofollow\">https:\/\/barington.com\/matthews<\/a>\u00a0<\/b>\n      <\/p>\n<p>\n        <b>ABOUT BARINGTON CAPITAL GROUP, L.P.<\/b>\n      <\/p>\n<p class=\"prntaj\">Barington Capital Group, L.P. is a fundamental, value-oriented activist investment firm established by <span class=\"xn-person\">James Mitarotonda<\/span> in January 2000.\u00a0 Barington invests in undervalued publicly traded companies that Barington believes can appreciate significantly in value when substantive improvements are made to their operations, corporate strategy, capital allocation and corporate governance.\u00a0 Barington&#8217;s investment team, advisors and network of industry experts draw upon their extensive strategic, operating and boardroom experience to assist companies in designing and implementing initiatives to improve long-term shareholder value.<\/p>\n<p>\n        <b>Media Contact<\/b>:<br \/><span class=\"xn-person\">Jonathan Gasthalter<\/span>\/<span class=\"xn-person\">Amanda Shpiner<\/span><br \/>Gasthalter &amp; Co.<br \/>212-257-4170<\/p>\n<p class=\"prntaj\">\n        <b>Important Information and Participants in the Solicitation<\/b>\n      <\/p>\n<p class=\"prntaj\">Barington has filed a definitive proxy statement and associated<b> GOLD<\/b> proxy card with the Securities and Exchange Commission (&#8220;SEC&#8221;) to be used to solicit votes for the election of its slate of highly qualified director nominees at the upcoming annual meeting of stockholders of the Company. Details regarding the Barington nominees and the participants in its solicitation are included in its proxy statement and Barington strongly advises all shareholders of the company to read the proxy statement and other proxy materials as they contain important information.<\/p>\n<p class=\"prntaj\">The participants in Barington&#8217;s proxy solicitation are Barington, Barington Companies Investors, LLC, Barington Capital Group, L.P., LNA Capital Corp., <span class=\"xn-person\">James Mitarotonda<\/span>, 1 NBL EH, LLC, <span class=\"xn-person\">Joseph Gromek<\/span>, <span class=\"xn-person\">Ana B. Amicarella<\/span> and <span class=\"xn-person\">Chan W. Galbato<\/span>.<\/p>\n<p class=\"prntac\">If you have any questions, require assistance in voting your <b>GOLD<\/b> universal proxy card,<br \/>or need additional copies of Barington&#8217;s proxy materials, please contact:<\/p>\n<p class=\"prntac\">Okapi Partners<br \/>1212 Avenue of the Americas, 17<sup>th<\/sup> Floor<br \/><span class=\"xn-location\">New York, NY<\/span> 10036<\/p>\n<p class=\"prntac\">Banks and Brokerage Firms, Please Call: (212) 297-0720<br \/>Shareholders and All Others Call Toll-Free: (877) 285-5990<br \/>E-mail: <a href=\"mailto:info@okapipartners.com\" target=\"_blank\" rel=\"nofollow\">info@okapipartners.com<\/a><\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY20737&amp;sd=2025-02-17\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creation-302378112.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creation-302378112.html<\/a><\/p>\n<p>SOURCE  Barington Capital Group, L.P.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY20737&amp;Transmission_Id=202502171113PR_NEWS_USPR_____NY20737&amp;DateId=20250217\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Sends Letter to Matthews&#8217; Shareholders Highlighting the Company&#8217;s Poor Governance, Deeply Troubling Board Culture and Desperate, Last-Ditch Effort to Placate Shareholders Ahead of 2025 Annual Meeting Believes Matthews&#8217; Proposed Governance Improvements and Sale of SGK Brand Solutions Division Are a Direct Response to Barington&#8217;s Positive Influence and that Shareholders Remain at Risk Without Barington&#8217;s Nominees on the Board Urges Matthews Shareholders to Vote &#8220;FOR&#8221;\u00a0the Election of\u00a0ALL\u00a0of Barington Capital&#8217;s Highly Qualified Nomin ees Whose Proven Board Effectiveness, Relevant Skills and Backgrounds, and Fierce Commitment to Shareholders Will Benefit ALL Matthews Shareholders NEW YORK , Feb. 17, 2025 \/PRNewswire\/ &#8212;\u00a0Barington Capital Group, L.P. (&#8220;Barington Capital&#8221;), a fundamental, value-oriented activist investor that, together with the other participants in its solicitation (collectively &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Barington Capital Calls on Matthews International Shareholders to Elect Ana Amicarella, Chan Galbato and James Mitarotonda to the Matthews Board to Help Restore Good Governance and Drive Value Creation&#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-813739","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>Barington Capital Calls on Matthews International Shareholders to Elect Ana Amicarella, Chan Galbato and James Mitarotonda to the Matthews Board to Help Restore Good Governance and Drive Value Creation - 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\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Barington Capital Calls on Matthews International Shareholders to Elect Ana Amicarella, Chan Galbato and James Mitarotonda to the Matthews Board to Help Restore Good Governance and Drive Value Creation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Sends Letter to Matthews&#8217; Shareholders Highlighting the Company&#8217;s Poor Governance, Deeply Troubling Board Culture and Desperate, Last-Ditch Effort to Placate Shareholders Ahead of 2025 Annual Meeting Believes Matthews&#8217; Proposed Governance Improvements and Sale of SGK Brand Solutions Division Are a Direct Response to Barington&#8217;s Positive Influence and that Shareholders Remain at Risk Without Barington&#8217;s Nominees on the Board Urges Matthews Shareholders to Vote &#8220;FOR&#8221;\u00a0the Election of\u00a0ALL\u00a0of Barington Capital&#8217;s Highly Qualified Nomin ees Whose Proven Board Effectiveness, Relevant Skills and Backgrounds, and Fierce Commitment to Shareholders Will Benefit ALL Matthews Shareholders NEW YORK , Feb. 17, 2025 \/PRNewswire\/ &#8212;\u00a0Barington Capital Group, L.P. (&#8220;Barington Capital&#8221;), a fundamental, value-oriented activist investor that, together with the other participants in its solicitation (collectively &hellip; Continue reading &quot;Barington Capital Calls on Matthews International Shareholders to Elect Ana Amicarella, Chan Galbato and James Mitarotonda to the Matthews Board to Help Restore Good Governance and Drive Value Creation&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-17T16:16:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2621451\/Matthews_International___Letter_to_Shareholders___February_17_2025.pdf?p=pdfthumbnail\" \/>\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\\\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Barington Capital Calls on Matthews International Shareholders to Elect Ana Amicarella, Chan Galbato and James Mitarotonda to the Matthews Board to Help Restore Good Governance and Drive Value Creation\",\"datePublished\":\"2025-02-17T16:16:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\\\/\"},\"wordCount\":771,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2621451\\\/Matthews_International___Letter_to_Shareholders___February_17_2025.pdf?p=pdfthumbnail\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-calls-on-matthews-international-shareholders-to-elect-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board-to-help-restore-good-governance-and-drive-value-creatio\\\/\",\"name\":\"Barington Capital Calls on Matthews International Shareholders to Elect Ana Amicarella, Chan Galbato and James Mitarotonda to the Matthews Board to Help Restore Good Governance and Drive Value Creation - 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