Anson Funds Nominates Slate of Highly Qualified Directors for Election at Match Group's 2025 Annual Meeting
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- An outdated and insular board with interlocking relationships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
News Market Reaction
On the day this news was published, MTCH declined 4.77%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
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- Match's outdated, insular Board has deep interlocking relationships and is inadequately qualified to oversee a modern technology company primarily serving young adults;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
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
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