GAMCO Supports Matthews International’s Nominees at 2025 Annual Meeting

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01/31/2025 - 05:52 PM

GREENWICH, Conn.--(BUSINESS WIRE)-- GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), along with certain other affiliates, collectively owns approximately 4.39% of the outstanding common stock of Matthews International Corporation (NasdaqGS: MATW) (“Matthews” or the “Company”) on behalf of its clients.

GAMCO understands that Barington Companies Equity Partners, L.P. (“Barington”) has notified Matthews of its intent to nominate three candidates for election at the Company’s 2025 Annual Meeting of Shareholders. GAMCO’s Proxy Voting Committee applauds Barington’s efforts to advocate for shareholders. After a thorough review, GAMCO believes that Matthews’ proposed slate of nominees is best positioned, at this time, to focus and execute on the Company’s efforts to surface underlying value for all shareholders.

GAMCO’s Proxy Voting Committee will continue to monitor the board’s actions and may submit a shareholder proposal on corporate governance if improvements are not implemented by the Company’s 2026 Annual Meeting of Shareholders.

GAMCO Investors, Inc., through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC) and is known for its Private Market Value with a Catalyst™ style of investment.