{"id":975223,"date":"2026-06-24T12:02:57","date_gmt":"2026-06-24T16:02:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-radoff-jec-group-urges-seer-inc-stockholders-to-vote-for-boardroom-change-today\/"},"modified":"2026-06-24T12:02:57","modified_gmt":"2026-06-24T16:02:57","slug":"the-radoff-jec-group-urges-seer-inc-stockholders-to-vote-for-boardroom-change-today","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-radoff-jec-group-urges-seer-inc-stockholders-to-vote-for-boardroom-change-today\/","title":{"rendered":"The Radoff-JEC Group Urges Seer, Inc. Stockholders to Vote for Boardroom Change Today"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>The Radoff-JEC Group Urges Seer, Inc. Stockholders to Vote for Boardroom Change Today<\/b><\/p>\n<p class=\"bwalignc\"><i>Believes New Independent Directors Are Needed to Correct the Board\u2019s Misaligned Priorities and Prevent Further Value Destruction<\/i><\/p>\n<p class=\"bwalignc\"><i>Reveals Seer\u2019s Board Has Not Responded to the Radoff-JEC Group\u2019s Stockholder-Friendly Offer Made on June 15 to Resolve the Ongoing Proxy Contest, Demonstrating the Board&#8217;s Focus on its Own Entrenchment<\/i><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBradley L. Radoff and Michael Torok (together with certain of their affiliates, the \u201cRadoff-JEC Group\u201d or \u201cwe\u201d), who collectively own approximately 7.7% of the outstanding shares of Seer, Inc. (NASDAQ: SEER) (\u201cSeer\u201d or the \u201cCompany\u201d), today issued the following statement.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260624630276\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260624630276\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260624630276\/en\/2838476\/4\/Slide_for_PR.jpg\" alt=\"Source: FactSet, Company proxy statements. Graph and figures are from December 4, 2020 through December 31, 2025.\" \/><\/p>\n<p style=\"font-size:85%\">Source: FactSet, Company proxy statements. Graph and figures are from December 4, 2020 through December 31, 2025.<\/p>\n<\/div>\n<ul class=\"bwlistdisc\">\n<li><b>Seer\u2019s Board of Directors (the \u201cBoard\u201d) has destroyed value for stockholders while enriching Company insiders:<\/b>\n<ul class=\"bwlistcircle\">\n<li>\nThe Company has posted a -97.0% share price decline since its December 2020 IPO.<sup>1<\/sup><\/li>\n<li>\nSeer has generated cumulative reported losses exceeding $465 million since its IPO.<sup>2<\/sup><\/li>\n<li>\nSeer has delivered virtually no revenue growth over the last three fiscal years, while investing over $160 million.<sup>3<\/sup><\/li>\n<li>\nThe Board has rewarded Chairman and CEO Omid Farokhzad, M.D. with nearly $37 million in cumulative compensation while a stockholder who purchased one share at the time of the IPO ($19.00) would be left with less than $0.63.<sup>4<\/sup><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Seer has no plan to create stockholder value under Chairman and CEO Omid Farokhzad, M.D.:<\/b>\n<ul class=\"bwlistcircle\">\n<li>\nDr. Farokhzad has destroyed more than $1 billion in investor capital across five separate companies, evidence supporting our belief that he is incapable of turning around Seer.<sup>5<\/sup><\/li>\n<li>\nThe strategic plan overseen by the Board anticipates Seer will not achieve profitability until 2031.<sup>6<\/sup><\/li>\n<li>\nThe Board rejected our three proposals to acquire Seer for premiums of 33% &#8211; 42% to its unaffected share price and a contingent value right \u2013 proposals which we believe provide substantially greater certainty of value creation than the Company\u2019s current strategic plan \u2013 without even engaging with us.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Seer\u2019s Board has not responded to our proposal to settle this proxy contest:<\/b>\n<ul class=\"bwlistcircle\">\n<li>\nOn June 15, 2026, we proposed to end our ongoing proxy contest in exchange for Seer adopting governance enhancements and conducting a tender offer for 20 million shares at $2.50 per share, which would be in line with the Board\u2019s authorized buyback program and management\u2019s statements that there is a \u201csignificant dislocation\u201d in the Company\u2019s share price.<sup>7<\/sup><\/li>\n<li>\nMore than a week later, the Board has still not responded to our settlement offer \u2013 which it requested in the first place \u2013 demonstrating that its priority is not delivering value or governance improvements for stockholders.<\/p>\n<\/li>\n<li>\nInstead of focusing on opportunities to maximize value for stockholders as Seer\u2019s share price has consistently traded at a significant discount to net cash, the Board has diluted stockholders by repeatedly issuing large grants of restricted stock units and in-the-money options to Dr. Farokhzad and President and CFO David Horn.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"bwalignc\"><b>Vote <span class=\"bwuline\">FOR<\/span> the Radoff-JEC Group\u2019s Nominees \u2013 Howard H. Berman, Ph.D., Joshua S. Horowitz and Luis E. Rinaldini \u2013 Today to Prevent Further Value Destruction<\/b><\/p>\n<p class=\"bwalignc\"><b>Do <span class=\"bwuline\">NOT<\/span> Vote for Omid Farokhzad, M.D., Terrance McGuire or Dipchand (Deep) Nishar<\/b><\/p>\n<p class=\"bwalignc\">\nQuestions about how to vote? Contact (888) 368-0379 or <a rel=\"nofollow\" href=\"mailto:info@saratogaproxy.com\">info@saratogaproxy.com<\/a>.<\/p>\n<p class=\"bwalignc\">\nVisit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.SaratogaProxy.com%2FSEER&amp;esheet=54559493&amp;newsitemid=20260624630276&amp;lan=en-US&amp;anchor=www.SaratogaProxy.com%2FSEER&amp;index=1&amp;md5=6cd51251d724b898f59a5bada87618e7\">www.SaratogaProxy.com\/SEER<\/a> to learn more.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">_________________________________________<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>1<\/sup>FactSet. Share price decline from December 4, 2020 through April 10, 2026, the trading day immediately prior to the Radoff-JEC Group\u2019s submission of its initial proposal to acquire the Company.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>2<\/sup> The Company\u2019s Form 10-K for the year ended December 31, 2025 filed on March 2, 2026.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>3<\/sup> Company Form 10-K filings.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>4<\/sup> Company proxy statements. FactSet; share price decline from December 4, 2020 through December 31, 2025.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>5<\/sup> Seer, BIND Therapeutics, Inc., Selecta Biosciences, Inc., Tarveda Therapeutics, Inc. and Senti Biosciences Holdings, Inc.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>6<\/sup> Company PRE 14A filed on October 10, 2025.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>7<\/sup> On the Company\u2019s Q1 2026 earnings call held on May 13, 2026, President and CFO David Horn said: \u201cOur opportunistic share repurchase in the quarter reflect our continued belief that there is a significant dislocation in our share price.\u201d<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n\u00a0<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260624630276r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260624630276\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260624630276\/en\/<\/a><\/span><\/p>\n<p>\nGreg Lempel<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:greg@fondrenlp.com\">greg@fondrenlp.com<br \/>\n<\/a><\/p>\n<p>or<\/p>\n<p>Saratoga Proxy Consulting LLC<br \/>\n<br \/>John Ferguson \/ Joseph Mills, 212-257-1311<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@saratogaproxy.com\">info@saratogaproxy.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Biotechnology Finance Health Professional Services Pharmaceutical<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260624630276\/en\/2838476\/3\/Slide_for_PR.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Source: FactSet, Company proxy statements. Graph and figures are from December 4, 2020 through December 31, 2025.<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The Radoff-JEC Group Urges Seer, Inc. Stockholders to Vote for Boardroom Change Today Believes New Independent Directors Are Needed to Correct the Board\u2019s Misaligned Priorities and Prevent Further Value Destruction Reveals Seer\u2019s Board Has Not Responded to the Radoff-JEC Group\u2019s Stockholder-Friendly Offer Made on June 15 to Resolve the Ongoing Proxy Contest, Demonstrating the Board&#8217;s Focus on its Own Entrenchment HOUSTON&#8211;(BUSINESS WIRE)&#8211; Bradley L. Radoff and Michael Torok (together with certain of their affiliates, the \u201cRadoff-JEC Group\u201d or \u201cwe\u201d), who collectively own approximately 7.7% of the outstanding shares of Seer, Inc. (NASDAQ: SEER) (\u201cSeer\u201d or the \u201cCompany\u201d), today issued the following statement. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260624630276\/en\/ Source: FactSet, Company proxy statements. Graph and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-radoff-jec-group-urges-seer-inc-stockholders-to-vote-for-boardroom-change-today\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Radoff-JEC Group Urges Seer, Inc. Stockholders to Vote for Boardroom Change Today&#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-975223","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Radoff-JEC Group Urges Seer, Inc. Stockholders to Vote for Boardroom Change Today - 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\/the-radoff-jec-group-urges-seer-inc-stockholders-to-vote-for-boardroom-change-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Radoff-JEC Group Urges Seer, Inc. Stockholders to Vote for Boardroom Change Today - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Radoff-JEC Group Urges Seer, Inc. Stockholders to Vote for Boardroom Change Today Believes New Independent Directors Are Needed to Correct the Board\u2019s Misaligned Priorities and Prevent Further Value Destruction Reveals Seer\u2019s Board Has Not Responded to the Radoff-JEC Group\u2019s Stockholder-Friendly Offer Made on June 15 to Resolve the Ongoing Proxy Contest, Demonstrating the Board&#8217;s Focus on its Own Entrenchment HOUSTON&#8211;(BUSINESS WIRE)&#8211; Bradley L. Radoff and Michael Torok (together with certain of their affiliates, the \u201cRadoff-JEC Group\u201d or \u201cwe\u201d), who collectively own approximately 7.7% of the outstanding shares of Seer, Inc. (NASDAQ: SEER) (\u201cSeer\u201d or the \u201cCompany\u201d), today issued the following statement. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260624630276\/en\/ Source: FactSet, Company proxy statements. 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Stockholders to Vote for Boardroom Change Today Believes New Independent Directors Are Needed to Correct the Board\u2019s Misaligned Priorities and Prevent Further Value Destruction Reveals Seer\u2019s Board Has Not Responded to the Radoff-JEC Group\u2019s Stockholder-Friendly Offer Made on June 15 to Resolve the Ongoing Proxy Contest, Demonstrating the Board&#8217;s Focus on its Own Entrenchment HOUSTON&#8211;(BUSINESS WIRE)&#8211; Bradley L. Radoff and Michael Torok (together with certain of their affiliates, the \u201cRadoff-JEC Group\u201d or \u201cwe\u201d), who collectively own approximately 7.7% of the outstanding shares of Seer, Inc. (NASDAQ: SEER) (\u201cSeer\u201d or the \u201cCompany\u201d), today issued the following statement. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260624630276\/en\/ Source: FactSet, Company proxy statements. 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