PR Newswire
EL SEGUNDO, Calif., June 22, 2022
-Glass Lewis Joins ISS in Recommending Shareholders Elect the Entire Independent Slate
EL SEGUNDO, Calif., June 22, 2022 /PRNewswire/ -- Eileen Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD)) and the other members of the Committee For Aerojet Rocketdyne Shareholders and Value Maximization today announced that leading independent proxy advisory firm, Glass Lewis, has recommended that shareholders elect the entire Drake Independent Slate at the special meeting of shareholders scheduled for June 30, 2022.
Glass Lewis is the second leading independent proxy advisory firm to recommend that shareholders vote "FOR" the Drake Independent Slate. As previously announced, Institutional Shareholder Services ("ISS") has also recommended that shareholders vote "FOR" the entire Drake Independent Slate.
Ms. Drake commented: "We are very gratified to have received Glass Lewis' full support for our Independent Slate. We now have the validation of the two leading independent proxy advisory firms, and look forward to shareholders casting their vote at the June 30th special meeting."
In supporting Ms. Drake and her Independent Slate, Glass Lewis made the following observations:
Drake and the Independent Slate
Lichtenstein's Lack of Independence and Accountability
Findings of Internal Investigation on Lichtenstein's Conduct
Delaware Opinion
Conclusion
"Our confidence in [our] recommendation is also carved in relief by the Steel Faction platform, the bulk of which suggests Mr. Lichtenstein has a strong preference for personal and professional affiliates, a disinterest in competing voices and a questionable approach to accountability."
Ms. Drake and the other members of the Committee for Aerojet Rocketdyne Shareholders and Value Maximization encourage all investors to review and consider the recent presentation materials posted on the Committee's website addressing many of Mr. Lichtenstein's false statements and mischaracterizations available here.
The Independent Slate Urges All Shareholders to Support its Highly Qualified Nominees by Voting "FOR" on the WHITE Proxy Card at the Upcoming Special Meeting on June 30.
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/glass-lewis-recommends-aerojet-rocketdyne-shareholders-vote-for-the-entire-independent-slate-led-by-ceo-eileen-drake-301572869.html
SOURCE Committee for Aerojet Rocketdyne Shareholders and Value Maximization
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