{"id":815021,"date":"2025-02-19T14:23:15","date_gmt":"2025-02-19T19:23:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/leading-proxy-advisory-firm-iss-reaffirms-its-unanimous-recommendation-for-the-election-of-all-of-barington-capitals-nominees-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board\/"},"modified":"2025-02-19T14:23:15","modified_gmt":"2025-02-19T19:23:15","slug":"leading-proxy-advisory-firm-iss-reaffirms-its-unanimous-recommendation-for-the-election-of-all-of-barington-capitals-nominees-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/leading-proxy-advisory-firm-iss-reaffirms-its-unanimous-recommendation-for-the-election-of-all-of-barington-capitals-nominees-ana-amicarella-chan-galbato-and-james-mitarotonda-to-the-matthews-board\/","title":{"rendered":"Leading Proxy Advisory Firm ISS Reaffirms its Unanimous Recommendation for the Election of ALL of Barington Capital’s Nominees Ana Amicarella, Chan Galbato and James Mitarotonda to the Matthews Board"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n ISS Finds “the Board Should Have Already Taken Steps to Install These Provisions, Rather Than Ignoring Them Until the Final Stage of a Proxy Contest”<\/i>\n <\/p>\n

\n ISS Notes that “Without Further Board Change at This Meeting, Pending Decisions About Board Composition and Other Important Matters Will Remain Subject to the Influence of Directors Who Enabled the Disappointing Circumstances Culminating in This Proxy Contest”<\/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<\/span><\/i>\n <\/p>\n

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

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\n NEW YORK<\/span>
\n <\/span>, Feb. 19, 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 2.2% of the outstanding shares of Matthews International Corporation (NASDAQ: MATW) (“Matthews” or the “Company”), today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has reaffirmed its recommendation that Matthews shareholders vote on the\u00a0GOLD<\/u><\/b>\u00a0proxy card\u00a0“FOR” <\/b>the election of ALL<\/u><\/b>\u00a0of Barington’s highly skilled director nominees \u2013 Ana Amicarella<\/span>, Chan Galbato<\/span><\/b>andJames Mitarotonda<\/span><\/b> \u2013 to the Board of Directors (the “Board”) in connection with Matthews’ Annual Meeting of Shareholders scheduled to be held tomorrow February 20, 2025<\/span>.<\/p>\n

\n James Mitarotonda<\/span>, Chairman and CEO of Barington Capital, said, “We are pleased that ISS agrees that Matthews’ recent 11th<\/sup> hour efforts were a transparent attempt by the Board to avoid accountability, rather than a genuine commitment to install better governance. Shareholders should question whether the Board rushed through the recent sale of SGK Brand Solutions’ remaining businesses purely to influence the outcome of this election at a time when its counterparty knew the Board was most vulnerable. Shareholders must also ask themselves how much transaction value was sacrificed to protect entrenched directors and whose interests the Board is truly serving. We urge shareholders to follow ISS’ definitive recommendation and vote “FOR” ALL<\/b> of Barington’s nominees \u2013 Ana Amicarella<\/span>, Chan Galbato<\/span> and James Mitarotonda<\/span> \u2013 today.”<\/p>\n

In its February 19<\/span>th<\/sup> proxy alert, ISS stated*:<\/p>\n