{"id":814820,"date":"2025-02-19T08:08:13","date_gmt":"2025-02-19T13:08:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\/"},"modified":"2025-02-19T08:08:13","modified_gmt":"2025-02-19T13:08:13","slug":"barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\/","title":{"rendered":"Barington Capital Reminds Matthews International Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom"},"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>Rare Unanimous Support of Barington&#8217;s Nominees from All Three Leading Independent Proxy Advisory Firms ISS, Glass Lewis, and Egan-Jones Further Validates the Need for Ana<\/i><br \/>\n        <i>Amicarella, <span class=\"xn-person\">Chan Galbato<\/span> and <span class=\"xn-person\">James Mitarotonda<\/span> on the Matthews Board<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <i>Strongly Urges Shareholders to Vote <b>&#8220;FOR&#8221;<\/b>\u00a0the Election of\u00a0<b><u>ALL<\/u><\/b>\u00a0of\u00a0Barington Capital&#8217;s Nominees <\/i><br \/>\n        <i>Ahead of Tomorrow&#8217;s Annual Meeting<\/i>\n      <\/p>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 19, 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;), reminds Matthews shareholders that tomorrow&#8217;s Annual Meeting of Shareholders (the &#8220;Annual Meeting&#8221;) presents a critical opportunity to help the Company restore good governance, market credibility and long-term value creation through the election of Barington&#8217;s nominees \u2013 <b><span class=\"xn-person\">Ana Amicarella<\/span>, <span class=\"xn-person\">Chan Galbato<\/span><\/b> and <b><span class=\"xn-person\">James Mitarotonda<\/span><\/b> \u2013 to the Company&#8217;s Board of Directors (the &#8220;Board&#8221;).<\/p>\n<p>\n        <b>In casting your vote, Barington asks shareholders to consider the following:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>The current Board has overseen an inordinately long period of share price underperformance,<\/b> unacceptable capital allocation and operating execution, and inexcusably poor corporate governance while failing to hold CEO <span class=\"xn-person\">Joseph C. Bartolacci<\/span> accountable for any of his management decisions which have destroyed shareholder value during his entire 18-year tenure.<\/p>\n<\/li>\n<li>\n          <b>Barington&#8217;s director nominees \u2013 <span class=\"xn-person\">Ana Amicarella<\/span>, <span class=\"xn-person\">Chan Galbato<\/span> and <span class=\"xn-person\">James Mitarotonda<\/span><\/b> \u2013 bring the relevant skills, board experience, independent perspectives and fierce commitment to shareholders desperately needed at Matthews. As a shareholder, you must question whether you can trust the oversight of a Board that has gone to such extreme lengths to exclude nominees of this caliber from the Boardroom.<\/p>\n<\/li>\n<li>\n          <b>All three leading independent proxy advisory firms \u2013 ISS, Glass Lewis and Egan-Jones \u2013<\/b><br \/>\n          <b><br \/>\n            <u>UNANIMOUSLY <\/u><br \/>\n          <\/b>recommend shareholders vote <b>&#8220;FOR&#8221;<\/b><b><u>ALL<\/u><\/b> of Barington&#8217;s nominees*:<\/p>\n<ul type=\"disc\">\n<li><b>Institutional Shareholder Services Inc. (&#8220;ISS&#8221;): <\/b>&#8220;\u2026the board continues to suffer from major deficiencies with independence that necessitate further change. In light of these and other factors, support for dissident nominees <span class=\"xn-person\">Ana Amicarella<\/span>, <span class=\"xn-person\">Chan Galbato<\/span>, and <span class=\"xn-person\">James Mitarotonda<\/span> are warranted on the dissident (GOLD) card.&#8221;<\/li>\n<li><b>Glass Lewis &amp; Co. (&#8220;Glass Lewis&#8221;):<\/b> &#8220;\u2026 the status quo does not clearly represent the most compelling outcome at this time, and that Barington \u2014 which we do believe can credibly claim to have served as a catalyst at Matthews \u2014 has presented a stronger case here.&#8221;<\/li>\n<li><b>Egan-Jones Proxy Services (&#8220;Egan-Jones&#8221;):<\/b> &#8220;\u2026 we believe that a reshaped Board consisting of the Barington slate would provide value-added insights and fresh perspectives in the board room. We are also convinced that the credible and strong track record of the Barington nominees in a multi-faceted industry would help to re-align the strategic direction of Matthews.&#8221;\n<\/li>\n<\/ul>\n<\/li>\n<li>\n          <b>The current Board&#8217;s last-minute actions are a desperate attempt to placate shareholders<\/b> by diverting attention away from the Company&#8217;s failures and only reinforce the case for urgent change. We believe these maneuvers, including the immediate resignation of <span class=\"xn-person\">Gregory S. Babe<\/span>, would never have been contemplated if not for our nomination of directors. The Board, in our view, is incapable of protecting shareholders&#8217; investment and creating value absent guidance from Barington and its experienced, independent nominees.<\/li>\n<\/ul>\n<p class=\"prntac\">\n        <b>VOTE &#8220;FOR&#8221; ALL OF BARINGTON&#8217;S NOMINEES BEFORE IT&#8217;S TOO LATE!<\/b>\n      <\/p>\n<p>\n        <i>*Barington has neither sought nor obtained consent from ISS, Glass Lewis or Egan-Jones to use previously published information in this press release.<\/i>\n      <\/p>\n<p>\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=4365511-1&amp;h=1444652781&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>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>\n        <b>Important Information and Participants in the Solicitation<\/b>\n      <\/p>\n<p>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>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, 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<br \/>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=NY22346&amp;sd=2025-02-19\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom-302379776.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom-302379776.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=NY22346&amp;Transmission_Id=202502190800PR_NEWS_USPR_____NY22346&amp;DateId=20250219\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Rare Unanimous Support of Barington&#8217;s Nominees from All Three Leading Independent Proxy Advisory Firms ISS, Glass Lewis, and Egan-Jones Further Validates the Need for Ana Amicarella, Chan Galbato and James Mitarotonda on the Matthews Board Strongly Urges Shareholders to Vote &#8220;FOR&#8221;\u00a0the Election of\u00a0ALL\u00a0of\u00a0Barington Capital&#8217;s Nominees Ahead of Tomorrow&#8217;s Annual Meeting NEW YORK , Feb. 19, 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 &#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;), reminds Matthews shareholders that tomorrow&#8217;s Annual Meeting of Shareholders (the &#8220;Annual Meeting&#8221;) presents a critical opportunity &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Barington Capital Reminds Matthews International Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom&#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-814820","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Barington Capital Reminds Matthews International Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom - 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-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Barington Capital Reminds Matthews International Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Rare Unanimous Support of Barington&#8217;s Nominees from All Three Leading Independent Proxy Advisory Firms ISS, Glass Lewis, and Egan-Jones Further Validates the Need for Ana Amicarella, Chan Galbato and James Mitarotonda on the Matthews Board Strongly Urges Shareholders to Vote &#8220;FOR&#8221;\u00a0the Election of\u00a0ALL\u00a0of\u00a0Barington Capital&#8217;s Nominees Ahead of Tomorrow&#8217;s Annual Meeting NEW YORK , Feb. 19, 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 &#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;), reminds Matthews shareholders that tomorrow&#8217;s Annual Meeting of Shareholders (the &#8220;Annual Meeting&#8221;) presents a critical opportunity &hellip; Continue reading &quot;Barington Capital Reminds Matthews International Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-19T13:08:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY22346&amp;sd=2025-02-19\" \/>\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-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Barington Capital Reminds Matthews International Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom\",\"datePublished\":\"2025-02-19T13:08:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\\\/\"},\"wordCount\":866,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY22346&amp;sd=2025-02-19\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\\\/\",\"name\":\"Barington Capital Reminds Matthews International Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom - 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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\/barington-capital-reminds-matthews-international-shareholders-to-cast-their-vote-for-independent-fresh-perspectives-in-the-boardroom\/","og_locale":"en_US","og_type":"article","og_title":"Barington Capital Reminds Matthews International Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom - Market Newsdesk","og_description":"PR Newswire Rare Unanimous Support of Barington&#8217;s Nominees from All Three Leading Independent Proxy Advisory Firms ISS, Glass Lewis, and Egan-Jones Further Validates the Need for Ana Amicarella, Chan Galbato and James Mitarotonda on the Matthews Board Strongly Urges Shareholders to Vote &#8220;FOR&#8221;\u00a0the Election of\u00a0ALL\u00a0of\u00a0Barington Capital&#8217;s Nominees Ahead of Tomorrow&#8217;s Annual Meeting NEW YORK , Feb. 19, 2025 \/PRNewswire\/ &#8212;\u00a0Barington Capital Group, L.P. 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