Buxton helmsley urges assertio stockholders to vote "against" directors after disclosure failures, inappropriate boardroom activity, strategic blunders

Urges assertio stockholders to vote against all directors at upcoming annual meeting in order to either pressure current board to accept new stockholder-recommended directors or force resignations of significant portion of board pursuant to bylaws board and management inappropriately answered or refused to answer questions over very material matters believes insiders may have not personally purchased shares in over three years due to material non-public information last remaining investor-minded advocate on board has chosen to step down over inappropriate boardroom activity, leaving a largely out-of-touch board analysts have dropped coverage of assertio due to what appears to be lost faith in leadership's due diligence abilities, reinforcing bhg's concerns intends to imminently release third-party expert opinions concerning assertio board and management's apparent disclosure failures and deficiencies, for further delivery to regulators believes board should promptly explore strategic alternatives, including a possible sale, given significant opportunity to achieve post-acquisition operating profit enhancement through reduced sg&a expenses new york , may 13, 2024 /prnewswire/ -- the buxton helmsley group, inc. (together with certain of its affiliates, "bhg" or "we"), a new york city-based investment fund manager that holds a significant interest in the common stock shares of assertio holdings, inc. ("assertio" or the "company") (nasdaq: asrt) urges assertio stockholders to vote "against" all of the company's director nominees at the company's upcoming 2024 annual meeting of stockholders on may 23, 2024 (the "annual meeting"). bhg strongly believes that significant change to the assertio board of directors (the "board") is necessary in order to bring about new oversight and reinstate stockholder-like judgment in the boardroom.
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