Anson Funds Nominates Slate of Highly Qualified Directors for Election at Match Group's 2025 Annual Meeting

Anson Funds Management LP has nominated three directors - Fumbi Chima, Laura Lee, and Kelley Morrell - for election at Match Group's (NASDAQ: MTCH) 2025 Annual Meeting of Stockholders.

Rhea-AI Summary

Anson Funds Management LP has nominated three directors - Fumbi Chima, Laura Lee, and Kelley Morrell - for election at Match Group's (NASDAQ: MTCH) 2025 Annual Meeting of Stockholders. The nomination comes amid concerns over Match's long-term underperformance.

In a letter to stockholders, Anson Funds highlighted several critical issues, including:

• An outdated and insular board with interlocking relationships
• Board's inadequate qualifications to oversee a modern technology company serving young adults
• Significant underperformance compared to broader market indices
• Four CEO changes in the past five years
• Board's reluctance to engage with stockholders regarding fresh perspectives and expertise

Positive

• None.

Negative

• Significant long-term stock underperformance compared to broader market indices
• Four CEO changes in past five years indicating leadership instability
• Board criticized for poor oversight and subpar corporate governance
• Board's resistance to engage with stockholders for fresh perspectives

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Issues Letter to Match Stockholders Outlining Urgent Need for Change to Address Long-Term Underperformance Driven by Poor Oversight, Subpar Corporate Governance, and Misaligned Board Culture

TORONTO, April 4, 2025 /PRNewswire/ -- Anson Funds Management LP and Anson Advisors Inc., the co-investment advisers of certain investment funds (collectively, "Anson Funds"), and stockholders of Match Group Inc. (NASDAQ: MTCH) ("Match" or the "Company"), today announced that it has nominated a slate of highly qualified directors - Fumbi Chima, Laura Lee, and Kelley Morrell - for election at the Match 2025 Annual Meeting of Stockholders.  Anson Funds also published a letter to Match stockholders outlining the urgent need for change at the Company to address long-term underperformance driven by a history of poor oversight, subpar corporate governance practices, and misaligned board culture.

Specifically, the letter outlines:

• Match's outdated, insular Board has deep interlocking relationships and is inadequately qualified to oversee a modern technology company primarily serving young adults;
• Match's continued significant underperformance relative to broader market indices despite four CEO changes in the past five years;
• The Board's refusal to seriously engage with Company stockholders to introduce fresh perspective and relevant expertise.

The full contents of the letter can be viewed here.

About Anson Funds

Anson Funds is a privately held alternative asset manager with US$2.0 billion in assets. Led by Chief Investment Officer Moez Kassam, the firm was founded in 2007 with offices in Toronto and Dallas.

Important Information

Anson Funds Management LP, Anson Advisors Inc., Anson Investments Master Fund LP, AIMF GP LLC, Anson East Master Fund LP, AEMF GP LLC, Anson North Star Tactical Equity Fund LP, ANSF GP LLC, Anson Management GP LLC, Moez Kassam, Tony Moore, Amin Nathoo, Sagar Gupta,  Funmibi (Fumbi) Chima, Laura Lee and Kelley Morrell (collectively, the "Participants") intend to file a definitive proxy statement and accompanying form of proxy card with the Securities and Exchange Commission (the "SEC") to be used in connection with the 2025 Annual Meeting of Stockholders of the Company. Stockholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies with respect to the Company by the Participants as they become available because they will contain important information. They will be made available at no charge on the SEC's website, https://www.sec.gov/. Information about the Participants and a description of their direct or indirect interests by security holdings or otherwise can be found in Exhibit 1 of the Schedule 14A filed by Anson Funds Management LP with the SEC on April 4, 2025.

Media Contact
ASC Advisors
Taylor Ingraham
tingraham@ascadvisors.com
203-992-1230

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SOURCE Anson Funds

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who are the three directors nominated by Anson Funds for Match Group (MTCH) board?

Anson Funds nominated Fumbi Chima, Laura Lee, and Kelley Morrell for election at Match Group's 2025 Annual Meeting.

How many CEO changes has Match Group (MTCH) undergone in the past five years?

Match Group has undergone four CEO changes in the past five years, according to Anson Funds.

What are the main concerns raised by Anson Funds about Match Group's (MTCH) board?

Anson Funds raised concerns about the board's outdated and insular nature, inadequate qualifications for overseeing a modern tech company, and reluctance to engage with stockholders.

When is the Match Group (MTCH) annual stockholder meeting where new directors will be elected?

The election of new directors will take place at Match Group's 2025 Annual Meeting of Stockholders.