Matthews International sends letter to shareholders on voting director nominees

Matthews International (NASDAQ:MATW) sent a letter to its shareholders emphasizing the Company’s commitment to long-term value creation. Key highlights from the letter include: “Your Board has taken decisive actions to enhance long-term shareholder value – particularly the strategic sale of SGK Brand Solutions and the ongoing evaluation of strategic alternatives. Matthews’ stock price increased significantly on the day the transaction was announced, and the Company’s equity sell side analysts commended management for the deal. Matthews’ nominees offer the diverse and relevant experience needed to maintain the current momentum. Barington’s nominees lack critical skills and were handpicked by a shareholder with a history of pushing for short-term gains,” the company said.