Hestia Capital Files Definitive Proxy Statement and Sends Letter to Pitney Bowes Stockholders
March 16 2023 - 9:00AM
Business Wire
Hestia Capital Management, LLC (collectively with its
affiliates, “Hestia” or “we”), which is the third largest
stockholder of Pitney Bowes, Inc. (NYSE: PBI) (“Pitney Bowes” or
the “Company”) and has a beneficial ownership position of 8.4% of
the Company’s outstanding common stock, today announced that it has
filed a definitive proxy statement with the U.S. Securities and
Exchange Commission in connection with Pitney Bowes’ 2023 Annual
Meeting of Stockholders scheduled for May 9, 2023. In addition,
Hestia sent a letter to the Company’s stockholders, which can be
downloaded and viewed at the link above.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230316005454/en/
Learn how to vote for Hestia’s five director candidates on the
WHITE proxy card or
WHITE voting instruction form
by visiting www.TransformPitneyBowes.com, where stockholders can
download a copy of our letter, review a copy of Hestia’s definitive
proxy statement and sign up for future updates on Hestia’s campaign
for boardroom change.
About Hestia Capital
Hestia Capital is a long-term focused, deep value investment
firm that typically makes investments in a narrow selection of
companies facing company-specific, and/or industry, disruptions.
Hestia seeks to leverage its General Partner's expertise in
competitive strategy, operations and capital markets to identify
attractive situations within this universe of disrupted companies.
These companies are often misunderstood by the general investing
community or suffer from mismanagement, which we reasonably expect
to be corrected, and provide the 'price dislocations' which allows
Hestia to identify, and invest in, highly attractive risk/reward
investment opportunities.
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version on businesswire.com: https://www.businesswire.com/news/home/20230316005454/en/
Saratoga Proxy Consulting LLC John Ferguson / Joe Mills,
212-257-1311 info@saratogaproxy.com
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