Warns That Blackwells Will Seek to Recover All Improper Expenditures by
Invites Shareholders to Visit www.NoMoreMonty.com for More Information on Blackwells’ Campaign
“Last week,
Blackwells will fight to ensure that all monies, great and small, that are spent to satisfy Mr. Bennett’s buffoonery are recovered and returned to shareholders. We continue to pursue the termination of Braemar and Mr. Bennett’s shady Advisory Agreement for cause, and will hold the Company’s board accountable for abetting what we believe is one of the most grotesque examples of corporate piracy in the public markets today.”
“Independent directors must be installed on the Braemar board, and a thorough examination of the Company’s external Advisory Agreement must be expediently pursued. We remind the current directors again, that enabling Mr. Bennett’s buffoonery creates a substantial risk of liability, litigation, and reputational harm for each of them. Until the job is done, we will continue with our refrain: No More Monty.”
Blackwells encourages all shareholders to review Blackwells’ materials, the details of its engagement with the Company, information about Blackwells’ nominees, and other important information at www.NoMoreMonty.com.
Shareholders are also invited to follow Blackwells’ campaign on X at @nomoremonty and Instagram at @no_more_monty.
About
Blackwells is a multi-strategy investment manager with a public markets focus on currencies, equities, credit and commodities. When necessary, we engage with public boards to drive value for all stakeholders. Our private equity portfolio includes investments in space, clean energy, infrastructure, real estate and technology. Further information is available at www.blackwellscap.com.
Contacts
Stockholders
Toll Free: +1 (800) 322-2885
proxy@mackenziepartners.com
Media
646-569-5897
blackwells@gagnierfc.com
IMPORTANT ADDITIONAL INFORMATION
Blackwells,
ALL STOCKHOLDERS OF THE COMPANY ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING WHITE UNIVERSAL 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 WHITE universal 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.
The Company’s board of directors has purported to reject as invalid our nominations to elect each of Blackwells’ nominees and determined that our notice is purportedly non-compliant with the Company’s Fifth Amended and Restated Bylaws, as amended (the “Bylaws”) and defective. On
Source:
2024 GlobeNewswire, Inc., source