Leading Proxy Advisory Firm ISS Reaffirms its Unanimous Recommendation for the Election of ALL of Barington Capital's Nominees Ana Amicarella, Chan Galbato and James Mitarotonda to the Matthews Board

Core Viewpoint - Institutional Shareholder Services Inc. (ISS) recommends that Matthews International Corporation shareholders vote "WITHHOLD" on the current board nominees, indicating a lack of confidence in the board's governance and decision-making [1][2] Group 1: Proxy Contest and Board Recommendations - Barington Capital, which owns approximately 2.2% of Matthews' outstanding shares, urges shareholders to vote "FOR" all of its director nominees in the upcoming annual meeting [1][2] - ISS has reaffirmed its recommendation for shareholders to vote on the GOLD proxy card "FOR" the election of Barington's nominees, highlighting the need for board change [1][2] - The board's recent actions are viewed as a defensive maneuver to avoid accountability rather than a genuine commitment to improve governance [2][4] Group 2: Concerns Over Board Actions - There are concerns regarding the board's rushed sale of SGK Brand Solutions' remaining businesses, which may have been an attempt to influence the election outcome [2][4] - ISS notes that without further changes to the board, important decisions will continue to be influenced by directors who contributed to the current disappointing circumstances [1][4] - The board's late-stage governance enhancements are seen as insufficient and lacking a thoughtful process, raising questions about their commitment to effective governance [4]