Barington capital group sends letter to chairman of the board of matthews international highlighting urgent need for new leadership

Calls for prompt replacement of ceo joseph c. bartolacci following 18 years of unacceptable capital allocation, dismal share price performance, poor execution and excessive spending believes company must also reduce indebtedness, explore options to divest underperforming businesses and improve corporate governance to unlock trapped value nominates three directors with strong boardroom skills and experience as well as proven track records of creating long-term value for shareholders new york , dec. 10, 2024 /prnewswire/ -- barington capital group, l.p.
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