Matthews responds to Barington Capital director nominations; retains J.P. Morgan for strategic review

MATTHEWS INTERNATIONAL CORP

Barington nominated three candidates for the 2025 Annual Meeting; prior consulting agreement expired after Barington refused extension.
CEO Joe Bartolacci grew revenue from ~$700M (FY2006) to ~$1.8B; Board added 2 new independent directors in the past 2 years.
Company retained J.P. Morgan to evaluate strategic alternatives; declared 31st consecutive annual dividend increase in late November.
Memorialization segment improved margins via pricing actions and acquisitions; SGK posted third consecutive quarter of higher sequential sales.
Energy Solutions sees strong interest in EV transition technologies; Industrial Technologies expects demand recovery in latter FY2025 and into FY2026.

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