Matthews outlines key reasons to vote for all three director nominees

Matthews (MATW) International outlined the key reasons to vote on the WHITE proxy card for all three of the Company’s director nominees – Terry Dunlap, Alvaro Garcia-Tunon and J. Michael Nauman. The company said, “Not only does Matthews have the right strategy and the right team in place – with changes made and actions underway that reflect the feedback we have received from our long-term shareholders – but failure to elect all three of the Company’s director candidates will lead to a level of short-term thinking from Barington Capital that will destroy shareholder value over time.” The reasons include: “The Board’s strategic alternatives process for the Company’s portfolio of businesses – which began before Barington even became a shareholder – is already driving results, with more to come in 2025… Matthews developed its groundbreaking dry battery electrode solutions nearly 15 years ago to address the growth potential of the Energy Storage Solutions end market… Matthews intentionally refreshed its Board with skills to align with its strategic focus… Made significant governance enhancements in direct response to shareholder feedback… Matthews’ nominees bring the right set of skills and expertise to help the Board drive long-term shareholder value… 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. “