Bradley L. Radoff Reiterates Call for GSE Systems’ Board Chair Kathryn O’Connor Gardner to Disclose 2025 Projections
Bradley L. Radoff, who owns approximately 9.9% of GSE Systems, Inc. (NASDAQ: GVP) shares, has issued a follow-up letter to the Company's Board Chair, Kathryn O'Connor Gardner. This comes in response to GSE's filing of an amended merger agreement with Pelican Energy Partners. Mr. Radoff has previously announced his opposition to the proposed take-private merger with Pelican and has repeatedly demanded the Board and Ms. Gardner release normal course 2025 projections. The letter reiterates his call for transparency and disclosure of these projections, which are important for shareholders to make an informed decision about the merger.
Bradley L. Radoff, che possiede circa il 9,9% delle azioni di GSE Systems, Inc. (NASDAQ: GVP), ha inviato una lettera di follow-up alla Presidente del Consiglio della società, Kathryn O'Connor Gardner. Questo avviene in risposta al deposito da parte di GSE di un accordo di fusione modificato con Pelican Energy Partners. Il signor Radoff ha già annunciato la sua opposizione alla proposta di fusione per l'acquisizione privata con Pelican e ha ripetutamente chiesto al Consiglio e alla signora Gardner di rilasciare le proiezioni per il 2025 nel normale corso delle attività. Nella lettera si ribadisce la sua richiesta di trasparenza e divulgazione di queste proiezioni, che sono importanti per gli azionisti al fine di prendere una decisione informata sulla fusione.
Bradley L. Radoff, quien posee aproximadamente el 9.9% de las acciones de GSE Systems, Inc. (NASDAQ: GVP), ha emitido una carta de seguimiento a la presidenta de la Junta de la compañía, Kathryn O'Connor Gardner. Esto ocurre en respuesta al archivo de GSE de un acuerdo de fusión enmendado con Pelican Energy Partners. El Sr. Radoff ha anunciado previamente su oposición a la propuesta de fusión para privatizar con Pelican y ha exigido repetidamente que la Junta y la Sra. Gardner publiquen las proyecciones normales para 2025. La carta reitera su llamado a la transparencia y la divulgación de estas proyecciones, que son importantes para que los accionistas tomen una decisión informada sobre la fusión.
Bradley L. Radoff는 GSE Systems, Inc. (NASDAQ: GVP)의 약 9.9%의 지분을 보유하고 있으며, 회사 이사회 의장인 Kathryn O'Connor Gardner에게 후속 편지를 발송했습니다. 이는 GSE가 Pelican Energy Partners와의 수정된 합병 계약서를 제출한 것에 대한 응답입니다. Radoff 씨는 Pelican과의 제안된 사모 합병에 대한 반대 의견을 이전에 발표한 바 있습니다. 그는 이사회와 Gardner 씨에게 2025년 정상적인 예상치를 공개할 것을 반복해서 요구해 왔습니다. 이 편지는 이러한 예상치의 투명성과 공개를 요구하며, 주주들이 합병에 대한 정보에 입각한 결정을 내리는 데 중요하다고 강조합니다.
Bradley L. Radoff, qui possède environ 9,9 % des actions de GSE Systems, Inc. (NASDAQ: GVP), a envoyé une lettre de suivi à la présidente du conseil d'administration de l'entreprise, Kathryn O'Connor Gardner. Cela fait suite au dépôt par GSE d'un accord de fusion amendé avec Pelican Energy Partners. M. Radoff a déjà annoncé son opposition à la fusion proposée pour un rachat avec Pelican et a répété sa demande au conseil et à Mme Gardner de publier les prévisions 2025 dans le cours normal des activités. La lettre rappelle son appel à la transparence et la divulgation de ces prévisions, qui sont essentielles pour que les actionnaires prennent une décision éclairée sur la fusion.
Bradley L. Radoff, der etwa 9,9 % der Anteile an GSE Systems, Inc. (NASDAQ: GVP) besitzt, hat einen Folgeschreiben an die Vorsitzende des Unternehmensvorstands, Kathryn O'Connor Gardner, verschickt. Dies erfolgt als Reaktion auf die Einreichung einer geänderten Fusionsvereinbarung mit Pelican Energy Partners durch GSE. Herr Radoff hat bereits zuvor seine Opposition gegen die vorgeschlagene Privatfusion mit Pelican angekündigt und hat wiederholt gefordert, dass der Vorstand und Frau Gardner die regulären 2025-Prognosen veröffentlichen. In dem Schreiben wird sein Aufruf nach Transparenz und Offenlegung dieser Prognosen bekräftigt, die für die Aktionäre wichtig sind, um eine informierte Entscheidung über die Fusion zu treffen.
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Mr. Radoff previously announced his opposition to the Company’s proposed take-private merger with Pelican and has repeatedly demanded the Board and Ms. Gardner release normal course forward-looking projections so shareholders can fairly evaluate the Pelican transaction.
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GSE Systems, Inc.
6940 Columbia Gateway Drive, Suite 470
Attention: Kathryn O’Connor Gardner, Chair of the Board of Directors
October 21, 2024
Dear Ms. Gardner,
As recently as last week, GSE’s Board told shareholders that
Today, the Company has now disclosed that Pelican significantly raised its offer price to
Once again, GSE’s inexperienced Board – which has de minimis equity ownership of the Company – is doing shareholders a severe disservice by neglecting to provide information critical to our ability to evaluate the Company at a time when it appears poised to benefit from a renaissance in the nuclear power industry.
Sincerely,
Bradley L. Radoff
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THIS IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY. DO NOT SEND US YOUR PROXY CARD. MR. RADOFF IS NOT ASKING FOR YOUR PROXY CARD AND WILL NOT ACCEPT PROXY CARDS IF SENT. MR. RADOFF IS NOT ABLE TO VOTE YOUR PROXY, NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241021970372/en/
Greg Lempel
greg@fondrenlp.com
Source: On Behalf of Bradley L. Radoff
FAQ
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