Matthews International Has the Right Strategy, the Right Board and the Right Management Team to Continue to Drive Long-Term, Sustainable Shareholder Value

Core Viewpoint - Matthews International Corporation urges shareholders to vote for its three director nominees, emphasizing that failure to do so will lead to short-term oversight by individuals lacking knowledge of the company's businesses [1][2]. Strategic Initiatives - The company has initiated a strategic alternatives process that has already resulted in the sale of SGK Brands Solutions for $350 million and a 40$50 million expected from the sale of remaining operating businesses [1]. - Matthews plans to announce several strategic initiatives in 2025 aimed at enhancing shareholder value [1]. Energy Storage Solutions - Matthews has developed innovative dry battery electrode (DBE) solutions to capitalize on the growing energy storage market and has successfully defended its ownership against Tesla [1]. - The company is now positioned to sell its DBE solutions to various customers in the electric vehicle market following favorable arbitration outcomes [1]. Board Composition and Governance - The company has refreshed its Board to align with its strategic focus, appointing Thomas Gebhardt, who has over 30 years of experience in battery and EV technology [1]. - Recent governance enhancements include a Board Chair transition and proposals to declassify the Board, aimed at creating sustainable long-term shareholder value [1]. Shareholder Support - GAMCO Asset Management, a significant shareholder with a 4.38% stake, has expressed support for Matthews' director nominees, believing they are best positioned to drive value for shareholders [3]. Voting Instructions - Shareholders are encouraged to vote "FOR" Matthews' nominees using the WHITE proxy card and "WITHHOLD" on Barington's nominees [4][6].