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Anson Funds Nominates Slate of Highly Qualified Directors for Election at Match Group's 2025 Annual Meeting

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Anson Funds Management LP has nominated three directors - Fumbi Chima, Laura Lee, and Kelley Morrell - for election at Match Group's (NASDAQ: MTCH) 2025 Annual Meeting of Stockholders. The nomination comes amid concerns over Match's long-term underperformance.

In a letter to stockholders, Anson Funds highlighted several critical issues, including:

  • An outdated and insular board with interlocking relationships
  • Board's inadequate qualifications to oversee a modern technology company serving young adults
  • Significant underperformance compared to broader market indices
  • Four CEO changes in the past five years
  • Board's reluctance to engage with stockholders regarding fresh perspectives and expertise

Anson Funds Management LP ha nominato tre direttori - Fumbi Chima, Laura Lee e Kelley Morrell - per l'elezione all'Assemblea Annuale degli Azionisti di Match Group (NASDAQ: MTCH) nel 2025. La nomina arriva in un contesto di preoccupazioni per il sotto rendimento a lungo termine di Match.

In una lettera agli azionisti, Anson Funds ha evidenziato diversi problemi critici, tra cui:

  • Un consiglio obsoleto e insulare con relazioni interconnesse
  • Qualifiche inadeguate del consiglio per supervisionare un'azienda tecnologica moderna che serve i giovani adulti
  • Significativo sotto rendimento rispetto agli indici di mercato più ampi
  • Quattro cambi di CEO negli ultimi cinque anni
  • Riluttanza del consiglio a interagire con gli azionisti riguardo a nuove prospettive ed esperienze

Anson Funds Management LP ha nominado a tres directores - Fumbi Chima, Laura Lee y Kelley Morrell - para la elección en la Reunión Anual de Accionistas de Match Group (NASDAQ: MTCH) de 2025. La nominación se produce en medio de preocupaciones sobre el bajo rendimiento a largo plazo de Match.

En una carta a los accionistas, Anson Funds destacó varios problemas críticos, incluyendo:

  • Una junta obsoleta y aislada con relaciones interconectadas
  • Inadecuadas calificaciones de la junta para supervisar una empresa de tecnología moderna que atiende a jóvenes adultos
  • Significativo bajo rendimiento en comparación con los índices de mercado más amplios
  • Cuatro cambios de CEO en los últimos cinco años
  • Renuencia de la junta a interactuar con los accionistas sobre nuevas perspectivas y experiencia

앤슨 펀드 매니지먼트 LP펌비 치마, 로라 리, 켈리 모렐매치 그룹(NASDAQ: MTCH)의 2025년 주주 총회에서 선출하기 위해 지명했습니다. 이 지명은 매치의 장기적인 저조한 실적에 대한 우려 속에서 이루어졌습니다.

주주들에게 보낸 편지에서 앤슨 펀드는 여러 가지 중요한 문제를 강조했습니다. 그 중에는:

  • 상호 연결된 관계를 가진 구식이고 폐쇄적인 이사회
  • 젊은 성인에게 서비스를 제공하는 현대 기술 회사를 감독할 수 있는 이사회의 자격 부족
  • 더 넓은 시장 지수와 비교했을 때의 상당한 저조한 실적
  • 지난 5년 동안의 CEO 변경 4회
  • 새로운 관점과 전문성에 대해 주주와 소통하려는 이사회의 reluctance

Anson Funds Management LP a nommé trois directeurs - Fumbi Chima, Laura Lee et Kelley Morrell - pour l'élection lors de la Réunion Annuelle des Actionnaires de Match Group (NASDAQ: MTCH) en 2025. Cette nomination intervient au milieu de préoccupations concernant la sous-performance à long terme de Match.

Dans une lettre aux actionnaires, Anson Funds a souligné plusieurs problèmes critiques, notamment :

  • Un conseil d'administration dépassé et isolé avec des relations interconnectées
  • Des qualifications insuffisantes du conseil pour superviser une entreprise technologique moderne servant les jeunes adultes
  • Une sous-performance significative par rapport aux indices du marché plus larges
  • Quatre changements de PDG au cours des cinq dernières années
  • La réticence du conseil à dialoguer avec les actionnaires concernant de nouvelles perspectives et expertises

Anson Funds Management LP hat drei Direktoren - Fumbi Chima, Laura Lee und Kelley Morrell - zur Wahl bei der Jahreshauptversammlung der Aktionäre von Match Group (NASDAQ: MTCH) im Jahr 2025 nominiert. Die Nominierung erfolgt vor dem Hintergrund von Bedenken hinsichtlich der langfristigen Underperformance von Match.

In einem Schreiben an die Aktionäre hob Anson Funds mehrere kritische Punkte hervor, darunter:

  • Ein veralteter und isolierter Vorstand mit miteinander verbundenen Beziehungen
  • Unzureichende Qualifikationen des Vorstands zur Überwachung eines modernen Technologieunternehmens, das junge Erwachsene bedient
  • Deutliche Underperformance im Vergleich zu breiteren Marktindizes
  • Vier CEO-Wechsel in den letzten fünf Jahren
  • Widerwille des Vorstands, mit den Aktionären über frische Perspektiven und Expertise zu kommunizieren
Positive
  • None.
Negative
  • Significant long-term stock underperformance compared to broader market indices
  • Four CEO changes in past five years indicating leadership instability
  • Board criticized for poor oversight and subpar corporate governance
  • Board's resistance to engage with stockholders for fresh perspectives

Issues Letter to Match Stockholders Outlining Urgent Need for Change to Address Long-Term Underperformance Driven by Poor Oversight, Subpar Corporate Governance, and Misaligned Board Culture

TORONTO, April 4, 2025 /PRNewswire/ -- Anson Funds Management LP and Anson Advisors Inc., the co-investment advisers of certain investment funds (collectively, "Anson Funds"), and stockholders of Match Group Inc. (NASDAQ: MTCH) ("Match" or the "Company"), today announced that it has nominated a slate of highly qualified directors - Fumbi Chima, Laura Lee, and Kelley Morrell - for election at the Match 2025 Annual Meeting of Stockholders.  Anson Funds also published a letter to Match stockholders outlining the urgent need for change at the Company to address long-term underperformance driven by a history of poor oversight, subpar corporate governance practices, and misaligned board culture.

Specifically, the letter outlines:

  • Match's outdated, insular Board has deep interlocking relationships and is inadequately qualified to oversee a modern technology company primarily serving young adults;
  • Match's continued significant underperformance relative to broader market indices despite four CEO changes in the past five years;
  • The Board's refusal to seriously engage with Company stockholders to introduce fresh perspective and relevant expertise.

The full contents of the letter can be viewed here.

About Anson Funds

Anson Funds is a privately held alternative asset manager with US$2.0 billion in assets. Led by Chief Investment Officer Moez Kassam, the firm was founded in 2007 with offices in Toronto and Dallas.

Important Information

Anson Funds Management LP, Anson Advisors Inc., Anson Investments Master Fund LP, AIMF GP LLC, Anson East Master Fund LP, AEMF GP LLC, Anson North Star Tactical Equity Fund LP, ANSF GP LLC, Anson Management GP LLC, Moez Kassam, Tony Moore, Amin Nathoo, Sagar Gupta,  Funmibi (Fumbi) Chima, Laura Lee and Kelley Morrell (collectively, the "Participants") intend to file a definitive proxy statement and accompanying form of proxy card with the Securities and Exchange Commission (the "SEC") to be used in connection with the 2025 Annual Meeting of Stockholders of the Company. Stockholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies with respect to the Company by the Participants as they become available because they will contain important information. They will be made available at no charge on the SEC's website, https://www.sec.gov/. Information about the Participants and a description of their direct or indirect interests by security holdings or otherwise can be found in Exhibit 1 of the Schedule 14A filed by Anson Funds Management LP with the SEC on April 4, 2025.

Media Contact
ASC Advisors
Taylor Ingraham
tingraham@ascadvisors.com
203-992-1230

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SOURCE Anson Funds

FAQ

Who are the three directors nominated by Anson Funds for Match Group (MTCH) board?

Anson Funds nominated Fumbi Chima, Laura Lee, and Kelley Morrell for election at Match Group's 2025 Annual Meeting.

How many CEO changes has Match Group (MTCH) undergone in the past five years?

Match Group has undergone four CEO changes in the past five years, according to Anson Funds.

What are the main concerns raised by Anson Funds about Match Group's (MTCH) board?

Anson Funds raised concerns about the board's outdated and insular nature, inadequate qualifications for overseeing a modern tech company, and reluctance to engage with stockholders.

When is the Match Group (MTCH) annual stockholder meeting where new directors will be elected?

The election of new directors will take place at Match Group's 2025 Annual Meeting of Stockholders.
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