An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Legion Partners Releases Supplemental Presentation Setting the Record Straight on Primo Water Corporation’s Ongoing Efforts to Distract Shareowners
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Visit www.PurifyThePrimoBoard.com to Download a Copy of the Supplemental Presentation and Obtain Information About How to Vote on the WHITE Universal Proxy Card
LOS ANGELES--(BUSINESS WIRE)--
Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 1.5% of the outstanding common shares of Primo Water Corporation (TSX/NYSE: PRMW) (“Primo” or the “Company”), today released a supplemental presentation detailing the Company’s smear tactics and attempts to divert attention from its poor performance. Despite Primo’s repeated assertion that its strategy is working, the reality is that it is not. The presentation highlights Primo’s long-term stock price and operating underperformance, close to zero customer growth, woefully low return on invested capital and its attempts to suppress shareowner rights. The supplemental presentation can be viewed at the following link: www.PurifyThePrimoBoard.com.
As a reminder, Legion Partners encourages shareowners to vote on the WHITEuniversal proxy card today for its director nominees, Timothy Hasara and Derek Lewis, not vote for four long-tenured incumbent directors, Jeremy Fowden, Billy Prim, Eric Rosenfeld and Greg Monahan, and against Proposal 5, which seeks to approve shareowner-unfriendly amendments to the Company’s advance notice bylaws. If Legion Partners’ legal action is effective, Legion Partners hopes to give shareowners the opportunity to also vote for its two other highly qualified director candidates, Henrik Jelert and Lori Tauber Marcus.
Legion Partners is an activist investment manager based in Los Angeles, CA, focused on U.S. small-cap companies. Legion Partners seeks to generate attractive long-term returns employing deep fundamental research, a concentrated portfolio and responsible, collaborative engagement as a catalyst for value creation. Founded in 2012, Legion Partners takes a value-driven approach to managing a high-conviction portfolio on behalf of sophisticated institutional and individual investors. Learn more at www.legionpartners.com.
primo water corporation (nasdaq: prmw) was founded in 2004 by billy prim, a successful entrepreneur and the founder of blue rhino, the market leader in propane grill cylinder exchange. using the blue rhino model, billy created primo water as a way to offer consumers innovative, stylish water dispensers for the home and office, as well as clean, affordable and convenient options for great tasting, premium water without creating waste in the environment. primo water corporation is north america's leading single source provider of multi-gallon purified bottled water, self-service refill water and water dispensers sold through major retailers throughout the united states and canada. as the only company that offers all three bulk water sub categories – dispensers, exchange and refill – primo water owns a seventy-five percent market share in water dispensers and over ninety percent in its water businesses. primo is an environmentally and ethically responsible company with a mission to inspir
