Match Investor Group Nominates Three Candidates to Board
Match Group (MTCH) is now facing a proxy fight at its upcoming annual meeting, with activist investor Anson Funds Management on Friday nominating three candidates to the board of the dating applications company.
"Match's outdated, insular board with deep interlockings is inadequately qualified to oversee a modern technology primarily serving young adults," Anson Funds portfolio manager Sagar Gupta said in a letter to Match shareholders.
Gupta also pointed to board's refusal to seriously engage with shareholders looking to provide new outlooks and expertise.
The Anson nominees - Fumbi Chima, Laura Lee and Kelley Morrell - are seeking to unseat three board members expected to stand for re-election at the company's annual meeting.
Match did not immediately response to a message from MT Newswires seeking comment. After Anson Funds last month indicated it would likely challenge board membership at Match, the company said it was committed to protecting shareholder interests "and intensely focused on growing our business."
Anson also has not returned a request for more information.
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