BARINGTON CAPITAL GROUP CALLS ON THE BOARD OF DIRECTORS OF TRIMAS CORPORATION TO RETAIN A FINANCIAL ADVISOR TO PURSUE STRATEGIC ALTERNATIVES FOR THE COMPANY
Barington Capital Group, owning approximately 1.5% of TriMas (NasdaqGS: TRS), has formally requested the company's Board of Directors to explore strategic alternatives. The request, made through a letter to Board Chairman Herbert K. Parker, comes at a time when the company is contemplating a CEO transition.
Barington believes this timing is optimal for pursuing strategic alternatives and has urged the Board to immediately retain a financial advisor to guide this process.
Barington Capital Group, che detiene circa l'1,5% di TriMas (NasdaqGS: TRS), ha formalmente richiesto al Consiglio di Amministrazione dell'azienda di esplorare alternative strategiche. La richiesta, presentata tramite una lettera al Presidente del Consiglio Herbert K. Parker, arriva in un momento in cui l'azienda sta considerando una transizione del CEO.
Barington ritiene che questo sia il momento ottimale per perseguire alternative strategiche e ha esortato il Consiglio a nominare immediatamente un consulente finanziario per guidare questo processo.
Barington Capital Group, que posee aproximadamente el 1.5% de TriMas (NasdaqGS: TRS), ha solicitado formalmente a la Junta Directiva de la empresa que explore alternativas estratégicas. La solicitud, realizada a través de una carta al Presidente de la Junta Herbert K. Parker, llega en un momento en el que la empresa está contemplando una transición de CEO.
Barington cree que este es el momento óptimo para perseguir alternativas estratégicas y ha instado a la Junta a contratar inmediatamente a un asesor financiero para guiar este proceso.
베어링턴 캐피탈 그룹은 1.5%의 TriMas (NasdaqGS: TRS)를 보유하고 있으며, 회사 이사회에 전략적 대안을 모색할 것을 공식적으로 요청했습니다. 이 요청은 이사회 의장인 허버트 K. 파커에게 보낸 서한을 통해 이루어졌으며, 회사가 CEO 전환을 고려하고 있는 시점에 접어들었습니다.
베어링턴은 이 시점이 전략적 대안을 추구하기에 최적이라고 믿으며, 이사회에 즉시 재정 고문을 임명하여 이 과정을 안내할 것을 촉구했습니다.
Barington Capital Group, qui détient environ 1,5% de TriMas (NasdaqGS: TRS), a officiellement demandé au Conseil d'Administration de la société d'explorer des alternatives stratégiques. La demande, formulée par une lettre au Président du Conseil Herbert K. Parker, intervient à un moment où l'entreprise envisage une transition de PDG.
Barington estime que ce moment est optimal pour poursuivre des alternatives stratégiques et a exhorté le Conseil à retenir immédiatement un conseiller financier pour guider ce processus.
Barington Capital Group, das etwa 1,5% von TriMas (NasdaqGS: TRS) besitzt, hat formell den Vorstand des Unternehmens gebeten, strategische Alternativen zu prüfen. Die Anfrage, die in einem Schreiben an den Vorstandsvorsitzenden Herbert K. Parker geäußert wurde, erfolgt zu einem Zeitpunkt, da das Unternehmen einen CEO-Wechsel in Betracht zieht.
Barington ist der Meinung, dass dieser Zeitpunkt optimal für die Verfolgung strategischer Alternativen ist, und hat den Vorstand aufgefordert, umgehend einen Finanzberater zu beauftragen, der diesen Prozess leitet.
- Strategic review could potentially unlock shareholder value
- Active engagement from institutional investor showing interest in company's direction
- Upcoming CEO transition creates leadership uncertainty
- Activist investor pressure may create corporate instability
Believes Now is the Optimal Time Given the Contemplated CEO Transition
The full text of Barington's letter to Mr. Parker is available at https://barington.com/trimas
About Barington Capital Group, L.P.
Barington Capital Group, L.P. is a fundamental, value-oriented activist investment firm established by James Mitarotonda in January 2000. Barington invests in undervalued publicly traded companies that Barington believes can appreciate significantly in value when substantive improvements are made to their operations, corporate strategy, capital allocation and corporate governance. Barington's investment team, advisors and network of industry experts draw upon their extensive strategic, operating and boardroom experience to assist companies in designing and implementing initiatives to improve long-term shareholder value.
View original content:SOURCE Barington Capital Group, L.P.
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