Glass Lewis Joins ISS in Raising Concerns About Ortelius' Campaign at Brookdale

Core Viewpoint - Brookdale Senior Living Inc. urges shareholders to vote "FOR" all eight of its director nominees, opposing Ortelius Advisors' attempt to gain control of the Board, which is supported by proxy advisory firms Glass Lewis and ISS [1][3][8] Group 1: Proxy Advisory Firms' Recommendations - Glass Lewis and ISS recommend against granting control of the Board to Ortelius, citing Ortelius' poor engagement record and lack of operational knowledge about Brookdale [2][3] - ISS highlighted that Ortelius has not provided sufficient details for shareholders to assess its plans for the company [3] Group 2: Brookdale's Board Composition and Strategy - Brookdale's Board emphasizes that its current composition is well-suited to oversee the company's operations, with a mix of fresh perspectives and institutional knowledge [4][8] - The Board argues that electing Ortelius' nominees would risk compromising the execution of Brookdale's strategy and impair the ongoing CEO search [8] Group 3: Performance Metrics and Financial Health - Brookdale reported an 80% same community weighted average occupancy in Q1 2025, a significant milestone towards positive cash flow generation [7] - The company is recognized for its efforts to optimize its real estate portfolio, which has been acknowledged by Glass Lewis [6][7] Group 4: Shareholder Engagement and Voting Instructions - Brookdale reminds shareholders to disregard any white proxy card from Ortelius and emphasizes the importance of voting using the BLUE proxy card [9][10] - The company encourages shareholders to vote electronically or return the BLUE proxy card promptly [10]