Board Decisions Have Destroyed Value of Imation
69-page presentation by activist investor Clinton Group
This is a Press Release edited by StorageNewsletter.com on April 15, 2015 at 3:01 pmClinton Group, Inc., a stockholder of Imation Corp., filed a presentation describing their perspectives on the company.
Clinton Group is seeking shareholder support to elect its nominees for the company’s Class I slate of Directors.
“We wanted to detail our case for change and plans for the future for the benefit of all stockholders and other stakeholders of the company. Upon a green light from our fellow stockholders at the annual meeting, our nominees stand ready to engage in an expedited diligence process and work together with continuing directors and executive management to forge ahead and reverse the decline in financial performance and stockholder value,” said Joseph A. De Perio, senior portfolio manager, Clinton Group.
Read also:
Clinton Group Wants to Oust Three Directors of Imation …
That asked shareholders to vote for company’s director nominees.
… “We Are not Seeking Control of Company or Board of Imation“
Said Clinton Group in letter to shareholders
Clinton Group Files Preliminary Proxy For Imation
To understand how company’s leadership has let them down over past several years
Imation: Fiscal 3Q14 Financial Results
“We have much more to do,” said CEO. We think so