On February 21, 2025, Matthews International Corporation announced that, based on preliminary vote results from its proxy solicitor, shareholders elected all three of the company’s director nominees to the Board of Directors. The re-elected nominees are Terry Dunlap, Alvaro Garcia-Tunon, and J. Michael Nauman.
This outcome signifies a successful defense against the proxy challenge mounted by activist investor Barington Capital Group. Barington had nominated its own slate of three candidates, advocating for significant changes in leadership and corporate strategy.
The election results confirm shareholder support for Matthews' incumbent board and management. This provides stability for the company's ongoing strategic initiatives and its stated focus on long-term value creation.
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