“Meet the Shareholder Value Destroyers” Exposes Board’s Governance Failings and Ensuing Value Destruction
Recommends Stockholders Vote AGAINST the Election of Chairman
Encourages Stockholders to Review Blackwells’ Latest Presentation and Other Important Materials at http://www.montymustgo.com/
In its presentation entitled “Meet the Shareholder Value Destroyers” Blackwells exposes the Board’s lack of alignment with stockholders, its poor corporate governance practices and its collection of unfit directors, who we believe have directly contributed to the massive destruction of value suffered by Ashford stockholders.
“In our view, the Board of Ashford is unfit and incapable of acting as independent fiduciaries for stockholders. Ashford has a policy that requires any directors who receive less than a majority of ‘for’ votes to immediately tender their resignation. We believe that, following the 2024 Annual Meeting, the failure for any director to abide by this policy—and for the Board to fail to accept such resignation—would be a disservice to all stockholders and would make a mockery of shareholder rights. We continue to urge our fellow stockholders to send a clear message to the Board by voting ‘AGAINST’ the election of the incumbent directors at the 2024 Annual Meeting.”
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IMPORTANT ADDITIONAL INFORMATION
ALL STOCKHOLDERS OF THE COMPANY ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING GOLD PROXY CARD AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY THE PARTICIPANTS, AS THEY CONTAIN IMPORTANT INFORMATION, INCLUDING ADDITIONAL INFORMATION RELATED TO THE PARTICIPANTS AND THEIR DIRECT OR INDIRECT INTERESTS IN THE COMPANY, BY SECURITY HOLDINGS OR OTHERWISE.
The definitive proxy statement and an accompanying GOLD proxy card will be furnished to some or all of the Company’s stockholders and are, along with other relevant documents, available at no charge on the SEC’s website at http://www.sec.gov/. In addition, the Participants will provide copies of the definitive proxy statement without charge, upon request. Requests for copies should be directed to Blackwells.
Source:
2024 GlobeNewswire, Inc., source