Knighted Pastures, LLC announced that Institutional Shareholder Services Inc. (ISS) recommended that stockholders vote for the election of a Knighted Class B director candidate, Roy Choi, at Allied Gaming & Entertainment Inc.'s (AGAE) upcoming combined 2024 and 2025 Annual Meeting. Knighted emphasized that ISS concluded there was a 'focused critique' supporting a case for change at AGAE.
In its report, ISS raised concerns about the independence of AGAE's incumbent Board, highlighting issues with the company’s operational performance, corporate governance, and 'unfocused strategy.' Knighted Pastures stated that ISS agreed with its view that change is needed at Allied Gaming.
Roy Choi, Manager of Knighted, expressed satisfaction that ISS validated concerns regarding the company's financial and operational underperformance and its corporate governance framework. This indicates that while ISS did not fully endorse Knighted's slate, it acknowledged significant problems within AGAE's current management and board.
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