Both Leading Proxy Advisory Firms, ISS and Glass Lewis, Recommend Stockholders Vote “FOR” All of Broadwind’s Nominees on the Company’s WHITE Proxy Card
2023年5月15日 - 8:00PM
Broadwind, Inc. (Nasdaq: BWEN) (“Broadwind” or the “Company”) today
announced that leading proxy advisory firms, Institutional
Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass
Lewis”), have both recommended Broadwind stockholders vote on the
Company’s
WHITE proxy card in favor of all seven
of Broadwind’s director nominees, as well as all other management
proposals, at the upcoming 2023 annual meeting of stockholders
scheduled to be held on May 23, 2023 (the “2023 Annual Meeting”).
In its report, ISS1 notes the following:
- “BWEN has
already booked its first win in this new environment, announcing
the largest tower order in company history in January. The market
has reacted positively to the order, operational performance has
since been promising, and the analyst community has expressed a
generally favorable outlook for BWEN’s prospects.”
- “[T]he dissident
has presented a critique that amounts to a one-dimensional
observation of historical underperformance. The critique overlooks
recent developments (or is unconvincing in explaining why they are
not important), emphasizes legacy deficiencies that are detached
from the present state of affairs, and generally fails to establish
a cohesive argument.”
- “The dissident
has not made a compelling case for change. As such, votes FOR all
seven management nominees are recommended.”
In its report, Glass Lewis2 notes the
following:
- “[W]e believe
the future appears bright at the Company, evidenced not least by
the recently announced Tower Order, with management and research
analysts expecting strong performance and a return to profitability
in 2023 and continuing through 2024.”
- “[T]he Company
Nominees are the most suitable candidates to lead Broadwind through
what appears to be the beginning of an emergence from the industry
downturn in the wake of the pandemic.”
- “[W]e share the
same primary concern as the Company that none of the Dissident
Nominees have backgrounds in clean technologies or energy
transition manufacturing, nor have they served as a senior
executive or director of a public company.”
“Broadwind welcomes the favorable
recommendations from ISS and Glass Lewis following deep analysis of
the Company,” stated Eric Blashford, President and CEO of
Broadwind. “These recommendations reinforce our belief that the
Company is heading in the right direction under its current
leadership.”
“We acknowledge with appreciation the support
from the leading proxy advisory firms for all of Broadwind’s
nominees,” stated Cary B. Wood, Chairman of the Board. “These
findings make it clear that the election of WM Argyle’s nominees is
unwarranted and would not be in the best interests of the Company’s
stockholders.”
YOUR VOTE IS IMPORTANT
VOTE “FOR” BROADWIND’S DIRECTOR NOMINEES
ON THE WHITE PROXY CARD
TODAY
If you have any questions or require any assistance with respect
to voting your shares, please contact the Company's proxy
solicitor, Morrow Sodali LLC:
509 Madison Avenue Suite 1206New York, New York
10022Stockholders Call Toll Free: (800) 662-5200Banks, Brokers,
Trustees and Other Nominees Call Collect: (203) 658-9400Email:
BWEN@investor.MorrowSodali.com
CORPORATE CONTACT
Noel Ryan, IRCBWEN@val-adv.com
Important Additional Information
The Company, its directors and certain of its
executive officers are participants in the solicitation of proxies
from the Company’s stockholders in connection with its upcoming
2023 Annual Meeting. The Company filed its definitive proxy
statement and a WHITE proxy card with
the U.S. Securities and Exchange Commission (the “SEC”) on April 7,
2023 in connection with any such solicitation of proxies from the
Company’s stockholders. STOCKHOLDERS OF THE COMPANY
ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT,
ACCOMPANYING WHITE PROXY
CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN
IMPORTANT INFORMATION. The Company’s definitive proxy
statement for the 2023 Annual Meeting contains information
regarding the direct and indirect interests, by security holdings
or otherwise, of the Company’s directors and executive officers in
the Company’s securities. Information regarding subsequent changes
to their holdings of the Company’s securities can be found in the
SEC filings on Forms 3, 4 and 5, which are available on the
Company’s website at http://investors.bwen.com or through the SEC’s
website at www.sec.gov. Information can also be found in the
Company’s other SEC filings, including its Annual Report on Form
10-K for the year ended December 31, 2022, filed on March 9, 2023.
Stockholders will be able to obtain the definitive proxy statement,
any amendments or supplements to the proxy statement and other
documents filed by the Company with the SEC at no charge at the
SEC’s website atwww.sec.gov. Copies will also be available at no
charge on the Company’s website at
http://investors.bwen.com.
1 Permission to quote from the ISS report was neither sought nor
obtained.2 Permission to quote from the Glass Lewis report was
neither sought nor obtained.
Broadwind (NASDAQ:BWEN)
過去 株価チャート
から 4 2024 まで 5 2024
Broadwind (NASDAQ:BWEN)
過去 株価チャート
から 5 2023 まで 5 2024