StockNews.AI
GAMI
StockNews.AI
200 days

GAMCO Supports Matthews International's Nominees at 2025 Annual Meeting

1. GAMCO owns 4.39% of Matthews International stock. 2. Barington plans to nominate three candidates for Matthews' board. 3. GAMCO supports Barington’s advocacy for shareholder interests. 4. GAMCO may propose corporate governance changes by 2026 if necessary. 5. GAMCO is known for its Private Market Value investment strategy.

3m saved
Insight
Article

FAQ

Why Bullish?

GAMCO's support for shareholder advocacy could influence positive market sentiment. Previous cases show shareholder activism can lead to stock value increases.

How important is it?

The article discusses GAMCO's stake and strategy, which impacts its investment approach. Such insights are crucial for understanding GAMCO's future actions and potential stock impact.

Why Long Term?

GAMCO's ongoing monitoring and potential proposals may impact governance over time. Long-term shareholders often benefit from improved management practices.

Related Companies

MATW
GREENWICH, Conn.--(BUSINESS WIRE)--GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), along with certain other affiliates, collectively owns approximately 4.39% of the outstanding common stock of Matthews International Corporation (NasdaqGS: MATW) (“Matthews” or the “Company”) on behalf of its clients. GAMCO understands that Barington Companies Equity Partners, L.P. (“Barington”) has notified Matthews of its intent to nominate three candidates for election at the Company’s 2025 Annual Meeting of Shareholders. GAMCO’s Proxy Voting Committee applauds Barington’s efforts to advocate for shareholders. After a thorough review, GAMCO believes that Matthews’ proposed slate of nominees is best positioned, at this time, to focus and execute on the Company’s efforts to surface underlying value for all shareholders. GAMCO’s Proxy Voting Committee will continue to monitor the board’s actions and may submit a shareholder proposal on corporate governance if improvements are not implemented by the Company’s 2026 Annual Meeting of Shareholders. GAMCO Investors, Inc., through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC) and is known for its Private Market Value with a Catalyst™ style of investment.

Related News