PR Newswire
HOUSTON, Feb. 14, 2022
HOUSTON, Feb. 14, 2022 /PRNewswire/ -- Voss Capital, LLC ("Voss"), a significant shareholder of Griffon Corp. (NYSE: GFF) ("Griffon" or the "Company"), reiterates key facts Griffon shareholder should consider when voting their proxies before Griffon's Annual Meeting on February 17th and corrects misperceptions dispersed by the Company.
We believe the key facts below answer the most important question of this proxy contest: Can the current Board be trusted to protect shareholder interests, hold management accountable and maximize value?
VOTE THE BLUE PROXY CARD TO ELECT A TRULY INDEPENDENT CANDIDATE AND REJECT THE STATUS QUO
Under management's tenure, GFF has underperformed peers and destroyed shareholder value.
Griffon's conglomerate corporate structure is inefficient and provides no discernable value to shareholders.
The Board lacks true independence and has been continuously unresponsive to shareholder feedback.
Charlie Diao is independent and is dedicated to representing all Griffon shareholders. He has the necessary experience to help enact meaningful change in the Boardroom.
[please refer to the Skills Matrix slide image at the beginning of the release]
We believe the election of Charlie Diao to Griffon's Board represents the best opportunity for a voice among the Board of directors to pursue significant value creation at the Company. Without the addition of a fresh and independent perspective attuned to shareholders' concerns, we are concerned that the Board will continue to oversee poor shareholder returns, while permitting subpar governance and excessive executive compensation. Furthermore, the Board has historically struggled to select truly independent directors who are willing and able to be the voice of shareholders in the Boardroom and, if needed, challenge Mr. Kramer.
We urge any shareholders who have not yet voted to vote as soon as possible; Griffon's Annual Meeting Is Thursday, February 17. Follow the directions on your BLUE proxy card to vote online, over the phone or by mail. If you have already voted Griffon's white proxy card, a later-dated vote on Voss' BLUE proxy card will revoke your previously cast vote.
VOTE THE BLUE PROXY CARD TO ELECT CHARLIE DIAO TO THE BOARD BEFORE THE COMPANY'S ANNUAL MEETING ON THURSDAY, FEBRUARY 17TH.
(1) Peer group indicates the same companies that Griffon identified as peers in its December 2020 Definitive Proxy Statement
Media Contact:
Serena Koontz
Head of Investor Relations
Voss Capital, LLC
[email protected]
Investor Contact:
John Ferguson
Saratoga Proxy Consulting LLC
[email protected]
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SOURCE Voss Capital
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