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BARINGTON CAPITAL GROUP CALLS ON THE BOARD OF DIRECTORS OF TRIMAS CORPORATION TO RETAIN A FINANCIAL ADVISOR TO PURSUE STRATEGIC ALTERNATIVES FOR THE COMPANY

1. Barington Capital owns 1.5% of TriMas Corporation and urges strategic review. 2. Activist firm calls for a financial advisor amid CEO transition considerations. 3. Barington seeks to enhance shareholder value through operational improvements.

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FAQ

Why Bullish?

The involvement of an activist investor usually leads to strategic improvements, historically boosting stock prices.

How important is it?

The intent for strategic alternatives from a major investor can substantially impact TRS direction.

Why Short Term?

Immediate strategic changes could rapidly influence stock performance, akin to past activist interventions.

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Believes Now is the Optimal Time Given the Contemplated CEO Transition , /PRNewswire/ -- Barington Capital Group, L.P., which together with its affiliates collectively owns approximately 1.5% of TriMas Corporation (NasdaqGS: TRS), announced today that it has sent a letter to Herbert K. Parker, the Chairman of the Board of Directors of TriMas, urging the Board to immediately retain a financial advisor to pursue strategic alternatives for the Company. 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. SOURCE Barington Capital Group, L.P. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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