checkAd

     641  0 Kommentare All Three Leading Independent Proxy Advisory Firms Recommend Nano Dimension Shareholders Support Murchinson’s Four Proposals – Including Removing Yoav Stern From the Board - Seite 2

    • “(A)s Chair of the board, we believe it is reasonable to target Mr. Stern, in particular, as being the most responsible member of the board for the Company’s general underperformance and other governance issues observed over the prior few years. Therefore, in light of the foregoing, we believe the Dissident has presented a strong case in favor of the removal of Mr. Stern from his role on the board.”

    • “(W)e believe adequate rationale has been presented to warrant our support for the removal of Messrs. Stern, Gera, Rotem and Nissan-Cohen from the board, as well as the proposal to remove any directors which may be appointed by the board in advance of the meeting.”

    • Commenting on the qualifications of Murchinson’s independent nominees, Glass Lewis states, “Mr. Traub appears to have substantial experience as a public company director and as Chair of multiple companies, some of which held operations in Israel, and Dr. Rosensweig appears to have held several high-level positions at Israeli companies, through which the Dissident claims they were able to make governance improvements and enhance shareholder value.”

    Glass Lewis also addressed the recent hostile offer made by Nano Dimension to acquire Stratasys Ltd. (“Stratasys"):

    • “Regarding the recent proposed takeover of Stratasys, without commenting on terms, we believe the timing of this move in light of the Dissident's campaign reflects a potential last ditch effort by the board to demonstrate its efforts to effect a turnaround of the Company.”

    • “(U)pon the announcement of the takeover bid, Stratasys' share price rose by approximately 9.1% and Nano Dimension's share price declined by approximately 10.6% by market close, potentially indicating dissatisfaction amongst Nano Dimension's shareholders regarding certain aspects of the offer, including, but not limited to, structure, timing and offer price.”

    Lesen Sie auch

    In its report, Egan-Jones noted the Company’s alarming financial performance, poor governance and the culpability of the current Board under Mr. Stern: 2

    • “We believe that Murchinson has presented a compelling case that there is an urgent need for change in Nano Dimension.”

    • “We believe that the Company’s dissatisfactory financial performance, ill-advised acquisition and poor capital allocation as reflected in its stock price proves that the current board and leadership under Yoav Stern lack a sense of accountability and demonstrated faulty oversight of the Company. In our view, there’s no way to justify the alarming 77% drop in share price, which we believe if not enacted promptly, will lead to a continuous value destruction.”
    Seite 2 von 4



    Diskutieren Sie über die enthaltenen Werte



    Business Wire (engl.)
    0 Follower
    Autor folgen

    All Three Leading Independent Proxy Advisory Firms Recommend Nano Dimension Shareholders Support Murchinson’s Four Proposals – Including Removing Yoav Stern From the Board - Seite 2 Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, “Murchinson” or “we”), the largest shareholder with approximately 5.2% of the outstanding shares of Nano Dimension Ltd. (NASDAQ: NNDM) (“Nano Dimension” or …