Matthews International appoints Barington as consultant, ends proxy contest

On December 30, 2022, Matthews International Corporation (the “Company”) entered into an agreement (the “Agreement”) with Barington Companies Equity Partners, L.P. (“Barington Equity”), Barington Capital Group, L.P. (“Barington Capital”) and Barington Companies Management, LLC (“BCM,” and, together with Barington Equity and Barington Capital, “Barington”), pursuant to which the Company agreed to appoint BCM as a consultant to the Company for the term of the Agreement (the “Term”) and Barington agreed to withdraw its proposed nominees for election to the Company’s Board of Directors (the “Board”) at the Company’s 2023 annual meeting of stockholders.