Committee For Aerojet Rocketdyne Shareholders and Value Maximization Releases Presentation Detailing the Urgent Need for a Special Meeting of Shareholders

Rhea-AI Summary

Aerojet Rocketdyne (NYSE: AJRD) CEO Eileen Drake and the Committee For Aerojet Rocketdyne Shareholders and Value Maximization have released a presentation highlighting tactics used by Executive Chairman Warren Lichtenstein to delay the 2022 Annual Meeting of Shareholders. The Committee urges shareholders to sign the WHITE Consent Card to facilitate a special meeting. This action stems from ongoing delays and the lack of a confirmed date for the annual meeting. For further information, shareholders can access the full presentation at maximizeajrdvalue.com.

Positive

• The Committee's actions reflect a proactive approach to ensure shareholder engagement and accountability.
• Shareholder support could prompt the necessary changes in corporate governance.

Negative

• The ongoing delay in scheduling the annual meeting raises concerns regarding corporate governance and shareholder rights.
• Potential instability in leadership may affect investor confidence.

-Highlights the Tactics that the Lichtenstein / Steel Partners Group Have Used to Delay the 2022 Annual Meeting of Shareholders

-Urges Shareholders to Sign the WHITE Consent Card to Support Call for a Special Meeting

EL SEGUNDO, Calif., May 10, 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 issued a comprehensive presentation that details the urgent need for stockholders to support the call for a special meeting of stockholders. As a reminder, this is a necessary step in light of Executive Chairman Warren Lichtenstein's and his associates' continuing refusal to agree to a date certain and unconditioned for the 2022 annual meeting of shareholders.

The presentation is available at https://maximizeajrdvalue.com/.

CLICK HERE TO DOWNLOAD AND VIEW THE INVESTOR PRESENTATION

Shareholders with questions can contact our solicitor: D.F. King & Co., (212) 269-5550 (collect) or via e-mail at AJRD@dfking.com.

Important Information
This communication is being sent in our individual capacity, and not on or behalf of Aerojet Rocketdyne Holdings, Inc (the "Company"). No Company resources were used in connection with these materials. On May 3, 2022, Eileen P. Drake and the other members of the Committee For Aerojet Rocketdyne Shareholders and Value Maximization filed a definitive solicitation statement with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of agent designations to call a special meeting of stockholders of the Company.

Contact:
D.F. King & Co., Inc.
Edward T. McCarthy / Tom Germinario
AJRD@dfking.com

View original content:https://www.prnewswire.com/news-releases/committee-for-aerojet-rocketdyne-shareholders-and-value-maximization-releases-presentation-detailing-the-urgent-need-for-a-special-meeting-of-shareholders-301543552.html

SOURCE Committee for Aerojet Rocketdyne Shareholders and Value Maximization

FAQ

What is the latest update regarding Aerojet Rocketdyne's annual meeting?

The Committee For Aerojet Rocketdyne Shareholders has highlighted ongoing delays in scheduling the 2022 annual meeting by Executive Chairman Warren Lichtenstein.

What actions is the Committee for Aerojet Rocketdyne encouraging shareholders to take?

The Committee urges shareholders to sign the WHITE Consent Card to support calling a special meeting.

Why is the special meeting being requested for Aerojet Rocketdyne?

The special meeting is sought due to delays in confirming the date for the 2022 annual meeting, impacting shareholder rights.

Who is leading the motion for the special meeting at Aerojet Rocketdyne?

Eileen Drake, the CEO, is leading the Committee for Aerojet Rocketdyne Shareholders and Value Maximization in this initiative.