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]. Group 1: Strategic Initiatives - The Board's strategic alternatives process 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 is poised to unlock significant shareholder value through its dry battery electrode solutions, especially in the growing electric vehicle market, following favorable arbitration outcomes against Tesla [1][2]. Group 2: Board Composition and Expertise - The Board has been refreshed with members possessing relevant skills in manufacturing and energy technology, including the recent appointment of Thomas Gebhardt, who has over 30 years of experience at Panasonic [1]. - The nominees, Terry L. Dunlap, Alvaro Garcia-Tunon, and J. Michael Nauman, bring essential expertise to support the company's strategic focus on Industrial Technologies and energy solutions [1][3]. Group 3: 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 enhance shareholder value [3]. Group 4: Governance Enhancements - The Board has made governance improvements in response to shareholder feedback, including a transition in Board Chair and proposals to declassify the Board, aimed at creating sustainable long-term shareholder value [1].