Committee for Aerojet Rocketdyne Shareholders and Value Maximization Files New Investor Presentation

Rhea-AI Summary

Aerojet Rocketdyne (NYSE: AJRD) addressed recent claims made by Warren Lichtenstein regarding the company's credibility, stating that his presentation is flawed and lacks effectiveness. On June 10, 2022, CEO Eileen Drake and independent directors released a statement correcting notable inaccuracies in Lichtenstein's materials, emphasizing the importance of their filed SEC presentation for investors. They urged stockholders to review the definitive proxy statement filed on June 1, 2022, ahead of the special meeting scheduled for June 30, 2022.

Positive

• Filed SEC presentation to clarify misstatements, reinforcing transparency with investors.

Negative

• Ongoing proxy fight may create uncertainty among shareholders.
• Lichtenstein's claims could damage the company's reputation, affecting investor confidence.

-Corrects the Many Misstatements and Fabrications in Lichtenstein/Steel Partners Report

EL SEGUNDO, Calif., June 10, 2022 /PRNewswire/ -- Eileen Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD)) and Gen. Kevin Chilton (Ret.), Thomas Corcoran and Gen. Lance Lord (Ret.) (three of its Independent Directors) issued the following statement:

"This morning, Warren Lichtenstein will be hosting an investor call based on a presentation that he recently published. Unfortunately, the presentation suffers from the same flaws as his proxy fight, litigation and leadership as Executive Chair – a lack of credibility and effectiveness.

"We have filed this morning with the SEC a presentation that outlines a few of the most notable misstatements and fabrications in Lichtenstein's materials. Investors can obtain our presentation by clicking here."

Important Information

This communication is being made in the participants' individual capacity, and not by or on behalf of Aerojet Rocketdyne Holdings, Inc. (the "Company"). No Company resources were used in connection with these materials. On June 1, 2022, Eileen P. Drake, General Kevin Chilton, USAF (Ret.), General Lance Lord, USAF (Ret.) and Thomas Corcoran filed a definitive proxy statement with the Securities and Exchange Commission in connection with the solicitation of proxies for a special meeting of stockholders of the Company to be held on June 30, 2022. Stockholders are strongly advised to read the definitive proxy statement because it contains important information.

Contact:
D.F. King & Co., Inc.
Edward T. McCarthy / Tom Germinario
AJRD@dfking.com 

Committee's Website:
https://maximizeajrdvalue.com/

View original content:https://www.prnewswire.com/news-releases/committee-for-aerojet-rocketdyne-shareholders-and-value-maximization-files-new-investor-presentation-301565698.html

SOURCE Committee for Aerojet Rocketdyne Shareholders and Value Maximization

FAQ

What is the recent issue involving Aerojet Rocketdyne and Warren Lichtenstein?

Aerojet Rocketdyne has challenged Warren Lichtenstein's claims, stating his presentation is flawed and lacks credibility.

When is the special meeting of stockholders for Aerojet Rocketdyne?

The special meeting of stockholders for Aerojet Rocketdyne is scheduled for June 30, 2022.

Where can I find the SEC presentation filed by Aerojet Rocketdyne?

Investors can access the SEC presentation correcting misstatements via Aerojet Rocketdyne's official resources.

What should shareholders review before the special meeting?

Shareholders are advised to read the definitive proxy statement filed on June 1, 2022, for important information.

How is Aerojet Rocketdyne addressing investor concerns?

Aerojet Rocketdyne is addressing concerns by filing a presentation with the SEC that outlines inaccuracies in Lichtenstein's claims.