{"id":983597,"date":"2026-07-22T11:22:37","date_gmt":"2026-07-22T15:22:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/radoff-jec-group-announces-that-glass-lewis-has-joined-iss-in-supporting-its-case-for-change-at-seer-inc\/"},"modified":"2026-07-22T11:22:37","modified_gmt":"2026-07-22T15:22:37","slug":"radoff-jec-group-announces-that-glass-lewis-has-joined-iss-in-supporting-its-case-for-change-at-seer-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/radoff-jec-group-announces-that-glass-lewis-has-joined-iss-in-supporting-its-case-for-change-at-seer-inc\/","title":{"rendered":"Radoff-JEC Group Announces That Glass Lewis Has Joined ISS in Supporting its Case for Change at Seer, Inc."},"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.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>Radoff-JEC Group Announces That Glass Lewis Has Joined ISS in Supporting its Case for Change at Seer, Inc.<\/b><\/p>\n<p class=\"bwalignc\"><i>Glass Lewis Recommends Stockholders Vote <span class=\"bwuline\">FOR<\/span> Radoff-JEC Group Nominees Howard H. Berman and Luis E. Rinaldini, <span class=\"bwuline\">WITHHOLD<\/span> Support on Seer Directors Terrance McGuire and Dipchand Nishar and Vote <span class=\"bwuline\">AGAINST<\/span> the NOL Pill<\/i><\/p>\n<p class=\"bwalignc\"><i>Highlights Seer\u2019s \u201cProlonged Underperformance, Continued Operating Losses and Uncertain Path to Commercial Scale\u201d<\/i><\/p>\n<p class=\"bwalignc\"><i>Concludes Seer\u2019s Board Would Benefit from the Addition of Radoff-JEC Group Nominees<\/i><\/p>\n<p class=\"bwalignc\"><i>Radoff-JEC Group Urges Stockholders to Vote on the <span class=\"bwuline\">WHITE<\/span> Proxy Card to Elect All Three of its Independent, Qualified Nominees<\/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 Seer, Inc.\u2019s (NASDAQ: SEER) (\u201cSeer\u201d or the \u201cCompany\u201d) outstanding common stock, today announced that independent proxy advisory firm Glass, Lewis &amp; Co., LLC (\u201cGlass Lewis\u201d) has recommended that the Company\u2019s stockholders vote on the <span class=\"bwuline\">WHITE<\/span> proxy card <span class=\"bwuline\">FOR<\/span> the election of Howard H. Berman, Ph.D. and Luis E. Rinaldini to Seer\u2019s Board of Directors (the \u201cBoard\u201d) and <span class=\"bwuline\">WITHHOLD<\/span> on incumbent directors Terrance McGuire and Dipchand Nishar.<\/p>\n<p>\nGlass Lewis also recommends stockholders vote <span class=\"bwuline\">AGAINST<\/span> the ratification of the NOL pill. Glass Lewis\u2019 recommendation follows a report published by <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20260716968648%2Fen%2FRadoff-JEC-Group-Announces-ISS-Support-of-its-Case-for-Change-at-Seer-Inc.&amp;esheet=54574888&amp;newsitemid=20260722853454&amp;lan=en-US&amp;anchor=Institutional+Shareholder+Services+Inc.&amp;index=1&amp;md5=1b38019de6c54dba6d7f1c6507d786d0\">Institutional Shareholder Services Inc.<\/a>, which also endorsed the Radoff-JEC Group\u2019s case for change at Seer.<\/p>\n<p>\nIn its report, Glass Lewis cited Seer\u2019s operating losses and share price underperformance since its IPO as reasons stockholders should withhold support from Messrs. McGuire and Nishar, stating:<sup>1<\/sup><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>\u201c[T]he Company\u2019s <span class=\"bwuline\">prolonged underperformance, continued operating losses and uncertain path to commercial scale<\/span> support the conclusion that targeted board change is warranted.\u201d<\/i><\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>\u201c<span class=\"bwuline\">The board has had several years to demonstrate that a standalone strategy can translate scientific progress into value for public shareholders<\/span>, while the Company&#8217;s recent results suggest that the weak share price performance cannot be attributed solely to broader sector conditions.\u201d<\/i><\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>\u201c[Mr. McGuire\u2019s] lengthy tenure and committee responsibilities are significant given the Company\u2019s severe share price decline, continued operating losses and <span class=\"bwuline\">questions regarding whether executive incentives and accountability have remained sufficiently aligned with shareholder outcomes<\/span>.\u201d<\/i><\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>\u201c[Mr. Nishar\u2019s] committee responsibilities make him relevant to <span class=\"bwuline\">questions regarding board composition, succession and whether the board has refreshed its skills with sufficient urgency in response to the Company\u2019s performance<\/span>. The timing and effect of the [NOL pill], which was adopted shortly after the dissident disclosed its position and began advocating for change, add to the broader governance considerations relevant to his continued service.\u201d<\/i><\/li>\n<\/ul>\n<p>\nIn recommending stockholders vote for Radoff-JEC Group nominees Dr. Berman and Mr. Rinaldini, Glass Lewis highlighted how their skillsets would be additive to Seer\u2019s Board:<\/p>\n<ul class=\"bwlistdisc\">\n<li><i>\u201c[W]ith the addition of Dr. Berman and Mr. Rinaldini, the Company would benefit from greater external biotechnology operating experience and more direct M&amp;A, capital markets and transaction expertise. These capabilities appear particularly relevant as the board assesses whether the existing standalone strategy, a modified operating plan, partnerships, asset transactions or renewed acquisition interest offers the most compelling path to value creation.\u201d<\/i><\/li>\n<\/ul>\n<p>\nThe Radoff-JEC Group issued the following statement:<\/p>\n<p>\n\u201cBoth leading independent proxy advisors have recognized that the current directors appear incapable of creating value for Seer stockholders and are recommending stockholders vote for our director candidates to strengthen objective oversight of management. At this critical moment for Seer, stockholders need to have independent, qualified directors in the boardroom to support a more credible evaluation of strategic alternatives.<\/p>\n<p>\nWe believe that the two-member Special Committee\u2019s rejection of Chairman and CEO Omid Farokhzad, M.D.\u2019s acquisition proposal does not magically erase our concerns about the Board\u2019s ability to act in stockholders\u2019 best interests \u2013 especially since Special Committee member Nicolas Roelofs, Ph.D., as Chair of the Corporate Governance and Nominating Committee, is responsible for the Board\u2019s adoption of the NOL pill, failure to remove the supermajority vote requirement to amend Seer\u2019s anti-stockholder governing provisions and attempted extension of the dual-class share structure to benefit Dr. Farokhzad. Further, the fact that only two directors are sufficiently independent to serve on the Special Committee reinforces the need to elect our highly qualified and independent director candidates to conduct a credible strategic review process aimed at maximizing value for <span class=\"bwuline\">all<\/span> stockholders.<\/p>\n<p>\nWe urge our fellow stockholders to elect all three of our nominees \u2013 Howard H. Berman, Ph.D., Joshua S. Horowitz and Luis E. Rinaldini \u2013 ahead of the Company\u2019s July 28<sup>th<\/sup> annual meeting.\u201d<\/p>\n<p class=\"bwalignc\">\n***<\/p>\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 Support a Legitimate Strategic Review Process Aimed at Maximizing Value for <span class=\"bwuline\">ALL<\/span> Seer Stockholders<\/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\"><b>Questions about how to vote?<\/b> 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=54574888&amp;newsitemid=20260722853454&amp;lan=en-US&amp;anchor=www.SaratogaProxy.com%2FSEER&amp;index=2&amp;md5=89187c69c65f633d152ff071b00139dc\">www.SaratogaProxy.com\/SEER<\/a> to learn more.<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\n____________________<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>1<\/sup> Permission to quote Glass Lewis was neither sought nor received.<\/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=20260722853454r1&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\/20260722853454\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260722853454\/en\/<\/a><\/span><\/p>\n<p>\nGreg Lempel<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:greg@fondrenlp.com\">greg@fondrenlp.com<\/a><\/p>\n<p>\nor<\/p>\n<p>\nSaratoga 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> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Radoff-JEC Group Announces That Glass Lewis Has Joined ISS in Supporting its Case for Change at Seer, Inc. Glass Lewis Recommends Stockholders Vote FOR Radoff-JEC Group Nominees Howard H. Berman and Luis E. Rinaldini, WITHHOLD Support on Seer Directors Terrance McGuire and Dipchand Nishar and Vote AGAINST the NOL Pill Highlights Seer\u2019s \u201cProlonged Underperformance, Continued Operating Losses and Uncertain Path to Commercial Scale\u201d Concludes Seer\u2019s Board Would Benefit from the Addition of Radoff-JEC Group Nominees Radoff-JEC Group Urges Stockholders to Vote on the WHITE Proxy Card to Elect All Three of its Independent, Qualified Nominees 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/radoff-jec-group-announces-that-glass-lewis-has-joined-iss-in-supporting-its-case-for-change-at-seer-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Radoff-JEC Group Announces That Glass Lewis Has Joined ISS in Supporting its Case for Change at Seer, Inc.&#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-983597","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Radoff-JEC Group Announces That Glass Lewis Has Joined ISS in Supporting its Case for Change at Seer, Inc. - 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\/radoff-jec-group-announces-that-glass-lewis-has-joined-iss-in-supporting-its-case-for-change-at-seer-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Radoff-JEC Group Announces That Glass Lewis Has Joined ISS in Supporting its Case for Change at Seer, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Radoff-JEC Group Announces That Glass Lewis Has Joined ISS in Supporting its Case for Change at Seer, Inc. Glass Lewis Recommends Stockholders Vote FOR Radoff-JEC Group Nominees Howard H. Berman and Luis E. Rinaldini, WITHHOLD Support on Seer Directors Terrance McGuire and Dipchand Nishar and Vote AGAINST the NOL Pill Highlights Seer\u2019s \u201cProlonged Underperformance, Continued Operating Losses and Uncertain Path to Commercial Scale\u201d Concludes Seer\u2019s Board Would Benefit from the Addition of Radoff-JEC Group Nominees Radoff-JEC Group Urges Stockholders to Vote on the WHITE Proxy Card to Elect All Three of its Independent, Qualified Nominees HOUSTON&#8211;(BUSINESS WIRE)&#8211; Bradley L. 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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\/radoff-jec-group-announces-that-glass-lewis-has-joined-iss-in-supporting-its-case-for-change-at-seer-inc\/","og_locale":"en_US","og_type":"article","og_title":"Radoff-JEC Group Announces That Glass Lewis Has Joined ISS in Supporting its Case for Change at Seer, Inc. - Market Newsdesk","og_description":"Radoff-JEC Group Announces That Glass Lewis Has Joined ISS in Supporting its Case for Change at Seer, Inc. Glass Lewis Recommends Stockholders Vote FOR Radoff-JEC Group Nominees Howard H. Berman and Luis E. Rinaldini, WITHHOLD Support on Seer Directors Terrance McGuire and Dipchand Nishar and Vote AGAINST the NOL Pill Highlights Seer\u2019s \u201cProlonged Underperformance, Continued Operating Losses and Uncertain Path to Commercial Scale\u201d Concludes Seer\u2019s Board Would Benefit from the Addition of Radoff-JEC Group Nominees Radoff-JEC Group Urges Stockholders to Vote on the WHITE Proxy Card to Elect All Three of its Independent, Qualified Nominees HOUSTON&#8211;(BUSINESS WIRE)&#8211; Bradley L. 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