PR Newswire
EL SEGUNDO, Calif., June 21, 2022
-- Issues New Investor Presentation Correcting Warren Lichtenstein's Latest False Statements and Mischaracterizations
-- Encourages Lichtenstein to End His Scorched-Earth Campaign for Control of the Company
EL SEGUNDO, Calif., June 21, 2022 /PRNewswire/ -- Eileen Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD)) today issued a statement regarding Institutional Shareholder Services' ("ISS") recommendation that shareholders vote for the entire Independent Slate on the WHITE proxy card. She also issued a new investor presentation, and encouraged Warren Lichtenstein to end his continued scorched-earth campaign seeking to take control of Aerojet Rocketdyne.
Ms. Drake commented: "We are extremely pleased with ISS's thorough and careful analysis of the proxy contest. The report offers a clear indictment of Mr. Lichtenstein's troubling conduct, lack of independence and independent support, and continued mischaracterization of the public record. We look forward to the special meeting of shareholders on June 30th. At this time, we encourage Mr. Lichtenstein and his supporters to end the scorched-earth campaign they have unleashed on the Company. They have increasingly acted in a manner that displays their reckless willingness to harm shareholders' and other stakeholders' interests in a desperate last-ditch effort to take control of the Company."
Ms. Drake also issued a new investor presentation that outlines Mr. Lichtenstein's latest false statements and mischaracterizations. The presentation is available by clicking here.
In supporting Ms. Drake and her Independent Slate, ISS made the following observations:
Lichtenstein's Troubling Actions
Lichtenstein's Lack of Independence and Independent Support
Lichtenstein's Lack of Transparency
Conclusion
ISS concludes that while "[t]here may be a role for Lichtenstein at AJRD – that role is just not as a board member at this point in time."
Shareholders with questions can contact our solicitor: D.F. King & Co., (212) 269-5550 (collect) or via e-mail at [email protected].
Important Information
This communication is being made in the participants' individual capacity, and not by or on behalf of the Company. No Company resources were used in connection with these materials. We have neither sought nor obtained consent from any third party to use any statements or information indicated herein. On June 1, 2022, Eileen P. Drake, General Kevin Chilton, USAF (Ret.), General Lance Lord, USAF (Ret.) and Thomas Corcoran (the "Incumbent Directors") filed a definitive proxy statement with the Securities and Exchange Commission in connection with the solicitation of proxies for a special meeting of stockholders of the Company to be held on June 30, 2022.
Contact:
D.F. King & Co., Inc.
Edward T. McCarthy / Tom Germinario
[email protected]
Committee's Website:
https://maximizeajrdvalue.com
View original content:https://www.prnewswire.com/news-releases/eileen-drake-aerojet-rocketdynes-ceo-comments-on-iss-recommendation-for-her-entire-slate-301571964.html
SOURCE Committee for Aerojet Rocketdyne Shareholders and Value Maximization
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