Voss Capital Appoints Three Candidates to Griffon Corp Board of Directors


Believes Griffon is significantly undervalued due to poor corporate governance, high management compensation and a conglomerate discount

Highlights of continued underperformance relative to the peer group over the past decade

Urges the company to explore all potential strategic alternatives to improve shareholder value

Appoints highly qualified candidates to bring essential expertise and new perspectives, position the company for future success, and enhance management oversight

HOUSTON, 23 November 2021 / PRNewswire / – Voss Capital, LLC (“Voss”), a significant shareholder of Griffon Corp. (NYSE: GFF) (“Griffon” or the “Company”) today issued a public letter to the Griffon Board of Directors (the “Board”) and announced the appointment of three highly qualified candidates – Gerry Bollman, HC Charles Diao and Leviathan Winn – for election as directors of the Company. The full text of the letter is below:

Media contact:
Serena Koontz
Head of Investor Relations
Voss Capital, LLC
[email protected]

CERTAIN INFORMATION ABOUT PARTICIPANTS

Voss Value Master Fund, LP, a Cayman Islands Partnership (“Voss Value Master Fund”), together with the other participants named herein (collectively, “Voss”), intends to file a preliminary proxy statement and accompanying proxy card with Securities and Exchange Commission (“SEC”) to be used to solicit votes for the election of its slate of highly qualified director nominees at Griffon Corporation’s 2022 annual meeting of shareholders, a society Delaware company (the “Company”).

VOSS STRONGLY RECOMMENDS THAT ALL SHAREHOLDERS OF THE COMPANY READ THE PROXY STATEMENT AND OTHER PROXY DOCUMENTS as they become available, as they will contain important information. THESE PROXY DOCUMENTS WILL BE AVAILABLE FREE OF CHARGE FROM THE SEC WEBSITE AT HTTP://WWW.SEC.GOV. FURTHERMORE, PARTICIPANTS IN THIS SOLICITATION OF PROXY WILL PROVIDE COPIES OF THE PROXY STATEMENT FREE OF CHARGE, WHEN AVAILABLE, ON REQUEST.

Participants in the proxy solicitation should be Voss Value Master Fund, Voss Value-Oriented Special Situation Fund, LP, a Delaware limited partnership (“Voss Value Special Situations Fund”), Voss Advisors GP, LLC, a Texas limited liability company (“Voss GP”), Voss Capital, LLC, a Texas limited liability company (“Voss Capital”), Travis W. Cocke, Gerry Bollman, HC Charles Diao and Leviathan Winn.

As of the date hereof, Voss Value Master Fund directly and beneficially holds 711,320 ordinary shares, par value $ 0.25 per share, of the Company (the “Common Shares”), including 1,000 Common Shares held in the registered name. As of the date hereof, Voss Value Special Situations Fund directly holds 128,358 Common Shares. As general partner of the Voss Value Master Fund and the Voss Value Special Situations Fund, Voss GP may be considered the beneficial owner of the 839,678 ordinary shares held in total by Voss Value Master Fund and Voss Value Special Situations Fund. As the investment manager of the Voss Value Master Fund, the Voss Value Special Situations Fund and a certain separately managed account (the “Voss Managed Account”), Voss Capital may be considered the beneficial owner of the 1,192,409 ordinary shares. held in total by Voss Value Master Fund and Voss Value Special Situations and held in the Voss Managed Account. As a managing member of Voss Capital and Voss GP, Mr. Cocke can be considered the beneficial owner of the 1,192,409 ordinary shares held in total by Voss Value Master Fund and Voss Value Special Situations and held in the Voss Managed Account. As of the date hereof, none of Messrs. Bollman, Diao or Winn do not beneficially or registered any securities of the Company.

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SOURCE Voss Capital


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