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Marlton Partners Files Preliminary Proxy Statement Related to Election of Directors for the 180 Degree Capital Board of Directors
Prnewswire· 2025-08-15 17:33
CHICAGO, Aug. 15, 2025 /PRNewswire/ -- Marlton Partners L.P. (together with its affiliates and group members, "Marlton" or "we"), beneficial owners of approximately 5.8% of the outstanding stock of 180 Degree Capital Corp. (NASDAQ: TURN) ("TURN" or the "Company"), today announced that it has filed a preliminary proxy statement with the U.S. Securities Exchange and Commission to be used to solicit votes for the election of its four highly-qualified and independent director candidates – James C. Elbaor, Gabri ...
Lifeway Foods Acknowledges ISS Recommendation to Reject Dissident Campaign
Prnewswire· 2025-07-29 21:35
Core Viewpoint - Lifeway Foods, Inc. has received a recommendation from Institutional Shareholder Services Inc. (ISS) advising shareholders to "DO NOT VOTE" in the ongoing dissident-led consent solicitation, indicating that the dissident group has not made a compelling case for change [1][2]. Company Overview - Lifeway Foods, Inc. is recognized as a leading supplier of kefir and fermented probiotic products in the U.S. and has been listed among Forbes' Best Small Companies [3]. - The company offers a variety of products including drinkable kefir, cheeses, and a ProBugs line for children, with distribution across the U.S., Mexico, Ireland, South Africa, the UAE, and France [3]. Financial Performance - Lifeway's financial performance has been directionally positive, with its share price rallying over the past year due to multiple positive earnings announcements [5]. - The total shareholder return has significantly outperformed peers in the Russell 3000 Food Producers Index [5]. Dissident Group Analysis - The critiques from the dissident group are viewed as lacking adequate context and do not clearly establish how their proposed changes would impact shareholder returns [5]. - The dissident nominees have a history of governance concerns during their previous tenures at the company [5]. Management's Position - The management team, led by CEO Julie Smolyansky, remains focused on maximizing shareholder value and encourages shareholders to follow ISS's guidance by taking no action on the consent solicitation [5].
Barnwell Announces Third Adjournment of 2025 Annual Meeting Due to Ned Sherwood’s Continued Refusal to Submit Votes Solicited from Shareholders
GlobeNewswire· 2025-06-18 10:00
Core Points - Barnwell Industries, Inc. has adjourned its 2025 Annual Meeting of Shareholders to September 3, 2025, due to the inability to obtain a quorum [1][3] - Shareholders of record as of July 21, 2025, are eligible to vote at the adjourned meeting [1][4] - The meeting remains uncontested, and the adjournment does not reopen the nomination window for director elections [4] Shareholder Voting - Shareholders are encouraged to vote on the WHITE proxy card for all of Barnwell's director nominees [2][7] - Those who previously voted on the Sherwood Group's green proxy card can change their vote to the WHITE proxy card to contribute to the quorum [2][7] - An amended notice and updated proxy materials will be sent to shareholders of record following the new record date [4] Company Commentary - Kenneth Grossman, Vice Chairman of Barnwell's Board, expressed optimism about the company's future and the value of its assets, while criticizing Ned Sherwood's actions as obstructive [3] - The company plans to actively solicit shareholders to achieve a quorum for the Annual Meeting [3]