Matthews International urges vote for its nominees, highlights SGK sale for $350M and cost savings of $50M

MATTHEWS INTERNATIONAL CORP

Director Gregory S. Babe will not stand for re-election in 2026; no disagreement with company.
Pending SGK Brand Solutions sale for $350M upfront consideration expected to close mid-2025.
Cost reduction program targeting annual consolidated savings of up to $50M is underway.
Board collectively owns ~3.3% of shares; company returned ~$490M to shareholders since 2014.
Urges vote FOR its three nominees and WITHHOLD on Barington's nominees at Feb 20 annual meeting.

item 5.02 item 7.01 item 9.01

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Departed

Gregory S. Babe

Director

MATW · MATTHEWS INTERNATIONAL CORP

Filed: January 27, 2025, 6:59 PM ET

On January 24, 2025, Gregory S. Babe informed Matthews International Corporation (the “Company”) that he will not stand for re-election to the Company’s Board of Directors at the Company’s 2026 Annual Meeting of Shareholders.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory S. Babe departed as Director at MATTHEWS INTERNATIONAL CORP.

Action: will not stand for re-election
Role: Director

Exact text from the filing

On January 24, 2025, Gregory S. Babe informed Matthews International Corporation (the “Company”) that he will not stand for re-election to the Company’s Board of Directors at the Company’s 2026 Annual Meeting of Shareholders.

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MATTHEWS INTERNATIONAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-012891

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