Barington Capital Reminds Matthews International Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom

Core Viewpoint - Barington Capital Group is urging shareholders of Matthews International Corporation to vote for its nominees for the Board of Directors, emphasizing the need for improved governance and long-term value creation [1][4]. Group 1: Barington's Nominees and Support - Barington Capital beneficially owns approximately 2.2% of Matthews' outstanding shares and is advocating for the election of Ana Amicarella, Chan Galbato, and James Mitarotonda to the Board [1]. - All three leading independent proxy advisory firms—ISS, Glass Lewis, and Egan-Jones—unanimously recommend shareholders vote "FOR" all of Barington's nominees, citing deficiencies in the current Board's independence and performance [4]. Group 2: Current Board Performance - The current Board has overseen a prolonged period of share price underperformance, poor capital allocation, and inadequate corporate governance, failing to hold CEO Joseph C. Bartolacci accountable for decisions that have harmed shareholder value during his 18-year tenure [4]. - Barington argues that the current Board's recent actions are a desperate attempt to distract shareholders from its failures, reinforcing the need for urgent change [4]. Group 3: Barington's Investment Philosophy - Barington Capital is a fundamental, value-oriented activist investment firm that invests in undervalued publicly traded companies, aiming to enhance their operations, corporate strategy, capital allocation, and governance to improve long-term shareholder value [5].