Matthews Files Investor Presentation Highlighting Commitment to Shareholder Value Creation

Core Points - Matthews International Corporation is urging shareholders to vote "FOR" its director nominees and "WITHHOLD" on Barington's nominees in the upcoming Annual Meeting scheduled for February 20, 2025 [1][7] - The company has filed an investor presentation with the SEC highlighting its strategic positioning for long-term success [2] Strategic Positioning - The Board and management are focused on portfolio optimization, as demonstrated by the ongoing strategic alternatives process and the planned sale of SGK Brand Solutions [3] - Matthews has diversified its portfolio into new markets and established a global platform for growth under CEO Joe Bartolacci's leadership, particularly in the memorialization business [5] Financial Performance - Since 2014, Matthews has returned approximately $490 million to shareholders through dividends and share repurchases while also investing in capital expenditures and inorganic growth [5] - A cost reduction program is underway, targeting annual consolidated savings of up to$50 million [5] Board Composition - The Board has welcomed three new independent directors since 2020 and nominated a fourth for the 2025 annual meeting, emphasizing a commitment to diversity and experience [5] - The Board collectively owns about 3.3% of the company's shares, indicating alignment with shareholder interests [5] SGK Transaction - The SGK transaction is expected to provide substantial upfront consideration of $350 million at closing, with future synergy-driven value creation [5] Critique of Barington - Barington has not presented new ideas and is perceived as having a short-term focus that could harm shareholder value [6] - The nominees from Barington lack relevant skills and understanding of Matthews' business [6][11]