Matthews International Shareholders Elect All Three of Matthews’ Director Nominees at 2025 Annual Meeting
Matthews International (NASDAQ: MATW) announced that shareholders have elected all three of the Company's director nominees at its 2025 Annual Meeting. Based on preliminary vote results, Terry L. Dunlap, Alvaro Garcia-Tunon and J. Michael Nauman have been elected to the Company's Board of Directors.
Board Chair Alvaro Garcia-Tunon stated that the vote outcome validates Matthews' strategy, Board composition, and CEO Joe Bartolacci's leadership, as well as recent governance actions taken in response to shareholder feedback. The company, celebrating its 175th year of continuous operation, acknowledges the need for continued improvement in performance to meet shareholder expectations.
Final results will be certified by the independent Inspector of Elections and filed with the SEC via Form 8-K. J.P. Morgan Securities and Sidley Austin LLP are serving as financial advisor and legal counsel, respectively.
Matthews International (NASDAQ: MATW) ha annunciato che gli azionisti hanno eletto tutti e tre i candidati proposti dal Consiglio di Amministrazione durante l'Assemblea Annuale del 2025. Sulla base dei risultati preliminari del voto, Terry L. Dunlap, Alvaro Garcia-Tunon e J. Michael Nauman sono stati eletti nel Consiglio di Amministrazione dell'azienda.
Il Presidente del Consiglio, Alvaro Garcia-Tunon, ha dichiarato che l'esito del voto convalida la strategia di Matthews, la composizione del Consiglio e la leadership del CEO Joe Bartolacci, così come le recenti azioni di governance intraprese in risposta ai feedback degli azionisti. L'azienda, che celebra il suo 175° anno di operazioni continue, riconosce la necessità di un continuo miglioramento delle performance per soddisfare le aspettative degli azionisti.
I risultati finali saranno certificati dall'Inspectore Elettorale indipendente e presentati alla SEC tramite il modulo 8-K. J.P. Morgan Securities e Sidley Austin LLP stanno fungendo da consulenti finanziari e legali, rispettivamente.
Matthews International (NASDAQ: MATW) anunció que los accionistas han elegido a los tres candidatos a director de la Compañía en su Junta Anual de 2025. Según los resultados preliminares de la votación, Terry L. Dunlap, Alvaro Garcia-Tunon y J. Michael Nauman han sido elegidos para el Consejo de Administración de la Compañía.
El Presidente del Consejo, Alvaro Garcia-Tunon, declaró que el resultado de la votación valida la estrategia de Matthews, la composición del Consejo y el liderazgo del CEO Joe Bartolacci, así como las recientes acciones de gobernanza tomadas en respuesta a los comentarios de los accionistas. La empresa, que celebra su 175º año de operación continua, reconoce la necesidad de seguir mejorando el rendimiento para satisfacer las expectativas de los accionistas.
Los resultados finales serán certificados por el Inspector de Elecciones independiente y presentados a la SEC a través del Formulario 8-K. J.P. Morgan Securities y Sidley Austin LLP están actuando como asesor financiero y asesor legal, respectivamente.
매튜스 인터내셔널 (NASDAQ: MATW)는 주주들이 2025년 연례 총회에서 회사의 이사 후보 3명을 모두 선출했다고 발표했습니다. 초기 투표 결과에 따르면, Terry L. Dunlap, Alvaro Garcia-Tunon, J. Michael Nauman이 회사의 이사회에 선출되었습니다.
이사회 의장인 Alvaro Garcia-Tunon은 투표 결과가 매튜스의 전략, 이사회 구성 및 CEO인 Joe Bartolacci의 리더십, 그리고 주주 피드백에 대한 최근의 거버넌스 조치를 검증한다고 밝혔습니다. 175주년을 맞이한 이 회사는 주주 기대를 충족하기 위해 성과 개선이 지속적으로 필요하다는 점을 인정하고 있습니다.
최종 결과는 독립적인 선거 감독관에 의해 인증되고 SEC에 Form 8-K를 통해 제출됩니다. J.P. Morgan Securities와 Sidley Austin LLP는 각각 재무 자문과 법률 자문 역할을 하고 있습니다.
Matthews International (NASDAQ: MATW) a annoncé que les actionnaires ont élu tous les trois candidats proposés par la société lors de son Assemblée Générale Annuelle 2025. D'après les résultats préliminaires du vote, Terry L. Dunlap, Alvaro Garcia-Tunon et J. Michael Nauman ont été élus au Conseil d'Administration de la société.
Le Président du Conseil, Alvaro Garcia-Tunon, a déclaré que le résultat du vote valide la stratégie de Matthews, la composition du Conseil et le leadership du PDG Joe Bartolacci, ainsi que les récentes actions de gouvernance prises en réponse aux retours des actionnaires. L'entreprise, qui célèbre son 175ème anniversaire d'opérations continues, reconnaît la nécessité d'une amélioration continue des performances pour répondre aux attentes des actionnaires.
Les résultats finaux seront certifiés par l'Inspecteur des Élections indépendant et déposés auprès de la SEC via le formulaire 8-K. J.P. Morgan Securities et Sidley Austin LLP agissent respectivement en tant que conseiller financier et conseiller juridique.
Matthews International (NASDAQ: MATW) gab bekannt, dass die Aktionäre alle drei von dem Unternehmen nominierten Direktorenkandidaten auf der Jahreshauptversammlung 2025 gewählt haben. Basierend auf vorläufigen Abstimmungsergebnissen wurden Terry L. Dunlap, Alvaro Garcia-Tunon und J. Michael Nauman in den Vorstand des Unternehmens gewählt.
Der Vorsitzende des Vorstands, Alvaro Garcia-Tunon, erklärte, dass das Abstimmungsergebnis die Strategie von Matthews, die Zusammensetzung des Vorstands und die Führung von CEO Joe Bartolacci sowie die jüngsten Governance-Maßnahmen, die als Reaktion auf das Feedback der Aktionäre ergriffen wurden, bestätigt. Das Unternehmen, das sein 175-jähriges Bestehen feiert, erkennt die Notwendigkeit an, die Leistung kontinuierlich zu verbessern, um die Erwartungen der Aktionäre zu erfüllen.
Die endgültigen Ergebnisse werden vom unabhängigen Wahlinspektor zertifiziert und der SEC über das Formular 8-K vorgelegt. J.P. Morgan Securities und Sidley Austin LLP fungieren jeweils als Finanzberater und Rechtsberater.
- All three director nominees successfully elected to the Board
- Shareholders validate company's strategy and leadership
- Company demonstrates responsiveness to shareholder feedback through governance actions
- Acknowledgment of need to improve performance to meet shareholder expectations
PITTSBURGH, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) (“Matthews” or the “Company”), celebrating its 175th year of continuous operation, today announced that, based on preliminary vote results provided by its proxy solicitor following the Company's 2025 Annual Meeting of Shareholders, Matthews’ shareholders have voted to elect all three of the Company’s director nominees – Terry L. Dunlap, Alvaro Garcia-Tunon and J. Michael Nauman – to the Company's Board of Directors.
“We appreciate the constructive dialogue that we've had with our shareholders and want to thank them for their feedback and support,” said Alvaro Garcia-Tunon, Chair of the Board. “The outcome of today's shareholder vote is validation of Matthews’ strategy, our Board and the leadership of our CEO Joe Bartolacci, as well as the governance actions we have taken in recent years in response to shareholder feedback. That said, we know we have more work ahead to improve performance and deliver the results our shareholders expect from us. We look forward to continuing to drive sustainable, long-term value for all Matthews shareholders.”
The results announced today are considered preliminary until final results are tabulated and certified by the independent Inspector of Elections. The final results are expected to be provided in a Form 8-K with the U.S. Securities and Exchange Commission.
J.P. Morgan Securities LLC is serving as financial advisor to Matthews. Sidley Austin LLP is serving as legal counsel to Matthews.
About Matthews International
Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The Industrial Technologies segment includes the design, manufacturing, service and sales of high-tech custom energy storage solutions; product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products; and coating and converting lines for the packaging, pharma, foil, décor and tissue industries. The SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands and provide value. The Company has over 11,000 employees in more than 30 countries on six continents that are committed to delivering the highest quality products and services.
Forward Looking Statements
Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, including statements regarding the anticipated timing and benefits of the proposed joint venture transaction, and may be identified by the use of words such as “expects,” “believes,” “intends,” “projects,” “anticipates,” “estimates,” “plans,” “seeks,” “forecasts,” “predicts,” “objective,” “targets,” “potential,” “outlook,” “may,” “will,” “could” or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to be materially different from management’s expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company’s results to differ materially from the results discussed in such forward-looking statements principally include the possibility that the terms of the final award to be issued by the Arbitrator in the Tesla, Inc. (“Tesla”) dispute may differ from the terms of the interim award issued by the Arbitrator and may be challenged, our ability to satisfy the conditions precedent to the consummation of the proposed joint venture transaction on the expected timeline or at all, our ability to achieve the anticipated benefits of the proposed joint venture transaction, uncertainties regarding future actions that may be taken by Barington in furtherance of its intention to nominate director candidates for election at the Company’s 2025 Annual Meeting, potential operational disruption caused by Barington’s actions that may make it more difficult to maintain relationships with customers, employees or partners, changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company’s products, including changes in costs due to adjustments to tariffs, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company’s operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company’s acquisitions divestitures, and business combinations, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company’s internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company’s control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, the Company’s plans and expectations with respect to its exploration, and contemplated execution, of various strategies with respect to its portfolio of businesses, the Company’s plans and expectations with respect to its Board, and other factors described in the Company’s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.
Contacts
Matthews International Corporation
Corporate Office
Two NorthShore Center
Pittsburgh, PA 15212-5851
Phone: (412) 442-8200
Matthews International Co.
Steven F. Nicola
Chief Financial Officer and Secretary
(412) 442-8262
Sodali & Co.
Michael Verrechia/Bill Dooley
(800) 662-5200
MATW@investor.sodali.com
Georgeson LLC
Bill Fiske / David Farkas
MATWinfo@Georgeson.com
Collected Strategies
Dan Moore / Scott Bisang / Clayton Erwin
MATW-CS@collectedstrategies.com
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