ISS recommends Matthews International investors elect all 3 activist candidates
ReutersFeb 7, 2025 12:24 AM
NEW YORK, Feb 6 (Reuters) - Proxy advisory firm Institutional Shareholder Services on Thursday recommended that Matthews International MATW.O shareholders elect all three of activist investor Barington Capital's director nominees to the company's board.
ISS argued the nominees, including Barington founder James Mitarotonda, would bring valuable perspective to the casket maker's 11-member board. Shareholders will elect directors on February 20 unless the two sides reach an agreement beforehand.
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