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Matthews International (MATW) investor relations material
Matthews International Proxy Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic review led to divestitures, including SGK Brand Solutions and Warehouse Automation, generating significant cash proceeds and reducing debt by $65.6 million in fiscal 2025.
Capital returned to shareholders via $12 million in share repurchases and $32 million in dividends; quarterly dividend increased for the 32nd consecutive year.
Board refreshment continued, with five new directors since 2020 and a planned orderly transition of the Chairperson role.
Voting matters and shareholder proposals
Shareholders to vote on election of four directors, approval of the Second Amended and Restated 2019 Director Fee Plan, ratification of Ernst & Young LLP as auditor, advisory vote on executive compensation, adoption of Amended and Restated Articles, declassification of the Board, majority voting standard for directors, and elimination of supermajority voting requirements.
Board unanimously recommends voting FOR all proposals and nominees.
Board of directors and corporate governance
Board consists of 11 members, 10 of whom are independent; five new directors appointed since 2020.
Board committees include Executive, Governance and Sustainability, Audit, Finance, Compensation, and M&A Review.
Board refreshment and diversity prioritized; four non-employee directors are female or diverse.
Board declassification, majority voting, and elimination of supermajority requirements proposed to enhance governance.
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