TETRA Technologies(US:TTI) Prnewswire·2025-03-24 14:37Core Viewpoint - The Radoff-Torok Group, owning over 4.9% of TETRA Technologies, Inc. (TTI), is advocating for significant changes to the Board of Directors due to long-term underperformance, lack of strategy, and poor governance, believing that new independent directors are essential for creating long-term value for stockholders [1][2][5]. Group 1: Board Performance and Governance - The current TTI Board is perceived as more focused on preserving the positions of its long-tenured members rather than addressing corporate strategy and governance failures [1][4]. - The Radoff-Torok Group has attempted to engage constructively with the Board over the past five months but has faced rejection of their proposals for board refreshment and improved governance [3][4]. - The Board's refusal to acknowledge its underperformance, evidenced by a nearly 43% decline in TTI's stock price over the last decade compared to a 66% return for the Russell 2000, highlights a disconnect with stockholder interests [6][10]. Group 2: Proposed Changes and Nominees - The Radoff-Torok Group has nominated four independent director candidates—Simon Bates, Evan Behrens, Bradley L. Radoff, and Andrew K. Ruben—believing their expertise will help transition TTI into a more focused and profitable business [5][11]. - The nominees collectively possess extensive experience in relevant industries and public company governance, which the Radoff-Torok Group believes is necessary for effective oversight and strategic direction [11][12]. Group 3: Strategic Recommendations - The Radoff-Torok Group recommends the formation of a Strategy Committee of independent directors to review TTI's business portfolio and capital structure, aiming to unlock value and reduce corporate overhead [7][8]. - Addressing succession planning and capital allocation flaws is deemed critical for restoring TTI's credibility in the market, especially given the current leadership's inability to create stockholder value [8][10].