Matthews issues letter to shareholders

Matthews (MATW) International issued a letter to its shareholders highlighting significant shareholder support and reiterating the Board’s commitment to long-term shareholder value. “At this year’s Annual Meeting, you have a choice between our purpose-built strategy and team versus a slate of activist nominees who have shown no understanding of Matthews and have offered no ideas that would improve our business. We believe that Barington’s nominees would destroy the value of your investment. That’s why we are asking shareholders to support Matthews’ director nominees – Terry L. Dunlap, Alvaro Garcia-Tunon and J. Michael Nauman – on the WHITE proxy card today… On January 31, 2025, GAMCO Asset Management, one of Matthews’ top 5 shareholders with an approximate 4.38% stake, announced that it will support Matthews’ director nominees… Barington’s claims about Matthews reveal the same poor understanding of our businesses that Barington principal and nominee James Mitarotonda evidenced as a consultant for Matthews over the last two years…. Our Board nominees are best qualified to guide our strategy, with the experience and expertise necessary to successfully deliver Matthews’ vision and drive enhanced shareholder value. Do not allow Barington to derail Matthews’ positive trajectory by replacing critical members of your Board with people who don’t understand our business. Protect the value of your investment and vote the WHITE proxy card today “FOR ALL” of Matthews’ highly qualified nominees TODAY.”