Matthews International(MATW) Prnewswire·2025-02-17 16:13Core Viewpoint - Barington Capital Group is urging Matthews International Corporation shareholders to elect its director nominees to improve governance and drive value creation, citing recent actions by Matthews as desperate attempts to placate shareholders rather than genuine efforts for long-term improvement [1][3][4]. Group 1: Governance Concerns - Barington highlights poor governance and troubling board culture at Matthews, suggesting that the company's recent governance improvements and the sale of the SGK Brand Solutions division are reactions to Barington's influence [1][3]. - The company believes that shareholders are at risk without Barington's nominees on the board, emphasizing the need for independent directors who advocate for shareholder interests [4][6]. Group 2: Nominees and Their Impact - Barington has nominated three individuals—Ana B. Amicarella, Chan W. Galbato, and James Mitarotonda—who are described as highly qualified and capable of driving meaningful change within Matthews [1][4]. - The firm asserts that its nominees possess proven board effectiveness and relevant skills that will enhance governance and restore credibility in the marketplace, ultimately maximizing long-term shareholder value [4][6]. Group 3: Call to Action - Barington is actively soliciting votes from Matthews shareholders to elect all of its nominees, framing this as a critical step to protect the value of their investments [5][7]. - The firm has filed a definitive proxy statement with the SEC to facilitate this solicitation, urging shareholders to read the materials for important information regarding the election [7][8].