ANSON FUNDS TO VOTE FOR ALL SHAREHOLDER NOMINEES AND PROPOSALS AT NANO DIMENSION'S UPCOMING ANNUAL GENERAL MEETING
Anson Funds, the largest shareholder of Nano Dimension (NNDM), has announced its voting intentions for the company's upcoming Annual General Meeting on December 6, 2024. The fund plans to vote FOR all shareholder nominees and a proposal to declassify the Board of Directors, while voting AGAINST the re-election of incumbent board members, including CEO Yoav Stern, and his compensation package. Anson Funds criticizes the current Board for insufficient oversight of Stern's acquisitions of cash-burning entities and poor performance track record.
Anson Funds, il maggior azionista di Nano Dimension (NNDM), ha annunciato le sue intenzioni di voto per l'imminente Assemblea Generale Annuale dell'azienda, che si terrà il 6 dicembre 2024. Il fondo prevede di votare a FAVORE di tutti i candidati degli azionisti e di una proposta per declassificare il Consiglio di Amministrazione, mentre voterà CONTRARIO alla rielezione dei membri attuali del consiglio, compreso il CEO Yoav Stern e il suo pacchetto retributivo. Anson Funds critica l'attuale Consiglio per la mancanza di supervisione sulle acquisizioni di entità che bruciano liquidità da parte di Stern e per il suo scarso rendimento storico.
Anson Funds, el mayor accionista de Nano Dimension (NNDM), ha anunciado sus intenciones de voto para la próxima Junta General Anual de la compañía, que se llevará a cabo el 6 de diciembre de 2024. El fondo planea votar a FAVOR de todos los nominados por los accionistas y de una propuesta para desclasificar a la Junta Directiva, mientras vota en CONTRA de la reelección de los miembros actuales de la junta, incluyendo al CEO Yoav Stern y su paquete de compensación. Anson Funds critica a la actual Junta por la insuficiente supervisión de las adquisiciones de entidades que consumen efectivo y su pobre historial de desempeño.
Anson Funds는 Nano Dimension (NNDM)의 최대 주주로서, 2024년 12월 6일 예정된 회사의 연례 총회에 대한 투표 의사를 발표했습니다. 이 펀드는 모든 주주 후보자에 대해 찬성 투표를 할 계획이며, 이사회 등급을 해제하는 제안에도 찬성할 예정입니다. 그러나 현직 이사, 특히 CEO인 요아브 스턴과 그의 보상 패키지의 재선에는 반대 투표를 할 것입니다. Anson Funds는 현재 이사회가 스턴의 현금 소모 기업 인수에 대한 감독이 부족하고, 성과 기록이 좋지 않다고 비판하고 있습니다.
Anson Funds, le plus grand actionnaire de Nano Dimension (NNDM), a annoncé ses intentions de vote pour la prochaine Assemblée Générale Annuelle de l'entreprise, prévue le 6 décembre 2024. Le fonds prévoit de voter POUR tous les candidats proposés par les actionnaires et pour une proposition de déclassification du Conseil d'Administration, tout en votant CONTRE la réélection des membres actuels du conseil, y compris le PDG Yoav Stern et son package de rémunération. Anson Funds critique l'actuel conseil pour son contrôle insuffisant sur les acquisitions d'entités consommatrices de liquidités par Stern et pour son parcours de performance médiocre.
Anson Funds, der größte Aktionär von Nano Dimension (NNDM), hat seine Abstimmungsabsichten für die bevorstehende Hauptversammlung des Unternehmens am 6. Dezember 2024 bekannt gegeben. Der Fonds plant, FÜR alle Aktionärskandidaten und einen Vorschlag zur Herabstufung des Vorstands zu stimmen, während er GEGEN die Wiederwahl der amtierenden Vorstandsmitglieder, einschließlich des CEO Yoav Stern und seines Vergütungspakets, stimmen wird. Anson Funds kritisiert den aktuellen Vorstand für unzureichende Aufsicht über Sterns Erwerbe von verlustbringenden Unternehmen und die schlechte Leistungsbilanz.
- None.
- Major shareholder expresses lack of confidence in current management
- Criticism of CEO's acquisition strategy of cash-burning entities
- Poor performance track record highlighted by largest shareholder
- Concerns over CEO's compensation package deemed 'egregious'
- Ongoing value destruction cited by major investor
Insights
This proxy battle represents a significant challenge to Nano Dimension's current leadership. Anson Funds' position as the largest shareholder backing governance reforms and opposing CEO compensation carries substantial weight. The key issues include:
- Opposition to CEO Yoav Stern's compensation package amid poor performance
- Support for board declassification to enhance accountability
- Criticism of the company's acquisition strategy and cash burn rate
The potential board restructuring and governance changes could fundamentally alter Nano Dimension's strategic direction and capital allocation policies. Shareholders should closely monitor this situation as it may lead to significant operational and strategic shifts that could impact the company's future performance and market valuation.
The shareholder activism by Anson Funds highlights deep concerns about Nano Dimension's strategic execution and capital deployment. The criticism of acquisitive growth amid poor results suggests fundamental issues with the company's business model and leadership decisions. A board overhaul could lead to:
- Reassessment of M&A strategy and capital allocation
- Enhanced oversight of management decisions
- Potential strategic alternatives to create shareholder value
This proxy contest represents a critical inflection point for the company's future direction and could result in significant changes to its growth strategy and operational focus.
Intends to vote FOR shareholder nominees and AGAINST re-election of incumbents, including Nano Dimension CEO Yoav Stern
Intends to vote FOR shareholder proposal to declassify Nano Dimension Board of Directors
Intends to vote AGAINST CEO Stern's egregious compensation package
Anson Funds continues to believe that the incumbent Board of Directors has failed to provide sufficient oversight over Mr. Stern, allowing him to continue acquiring cash-burning entities despite a track record of poor results. Following a thorough review of the Company's proxy materials, as well as those published by the dissident, we believe a refreshed Board with independent directors combined with the proposed governance enhancements represent a critical first step to ending the persistent and ongoing value destruction at Nano Dimension.
About Anson Funds
Anson Funds is a privately held alternative asset manager with over
Media Contact
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ASC Advisors
tingraham@ascadvisors.com
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SOURCE Anson Funds
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