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ISS Recommends Allied Gaming Stockholders Vote Knighted's Blue Proxy Card
GlobeNewswire News Room· 2025-07-25 16:40
Core Viewpoint - Knighted Pastures, LLC, which owns approximately 31.5% of Allied Gaming's shares, advocates for the election of its Class B nominees to the Board, citing the need for change due to the current Board's operational and financial underperformance [1][2][4]. Summary by Relevant Sections Operational Performance - Allied Gaming has experienced consistent losses and slow revenue growth since 2019, continuing into Q1 2025 [4]. - The company's operational performance has been characterized by challenges that have led to a lack of clarity in its strategic direction [4]. Corporate Governance - Concerns have been raised regarding the independence of the Board, particularly due to ties with the largest shareholder, Ourgame [4][6]. - The current governance framework is described as concerning, with a lack of transparency in capital allocation decisions and strategic initiatives [3][4]. Strategic Direction - Knighted criticizes Allied Gaming's strategy as unfocused, lacking clear value and synergies across its operational segments [4]. - ISS has validated Knighted's concerns, noting that the company does not provide sufficient information for shareholders to evaluate its performance [4]. Shareholder Engagement - Knighted urges shareholders to vote for its nominees on the BLUE proxy card, emphasizing the need for accountability and a coherent strategic vision [4][5].
Findell Capital Issues Rebuttal Presentation on Oportun Financial and Notes Support of Oportun Founder and Former CEO James Gutierrez
Prnewswire· 2025-06-23 20:43
Highlights the Support of Oportun Founder and Former CEO James Gutierrez, who Wrote that Findell Has "Offered a Smart, Focused Plan to Restore Value"Outlines How the Company Forced a Costly Proxy Contest by Refusing to Fill Board Leadership Positions with Independent Directors Who Possess Lending Industry Experience and by Ousting Former OneMain Financial CFO Scott Parker from the BoardMakes Clear That Removing Failed CEO Raul Vazquez from the Board Would Strengthen the Board's Oversight of ManagementReiter ...