Altai Capital Files Definitive Proxy Statement to Elect Two Highly Qualified Nominees to Amber Road’s Board & Mails Letter ...
09 Abril 2019 - 12:11PM
Business Wire
Urges Shareholders to Vote on the GOLD Proxy Card to Elect Both of Altai’s Highly
Qualified and Independent Nominees Marshall Heinberg and Jim
Watson
Believes Amber Road’s Nominees Rudy Howard and
Andre G.F. Toet Will Maintain Status Quo of Poor Financial
Performance and Lackluster Shareholder Returns
Altai Capital Management, L.P. (“Altai Capital”), one of the
largest shareholders of Amber Road, Inc. (NYSE: AMBR) (“Amber Road”
or, the “Company”), today announced that it filed its Definitive
Proxy Statement on Monday, April 8, 2019, seeking the election of
highly qualified and independent candidates Marshall Heinberg and
Jim Watson.
Today, Altai Capital sent a letter outlining its concerns with
Amber Road, especially its irresponsible handling of E2open’s 2018
acquisition proposal and its egregious executive compensation. In
the letter, Altai Capital establishes the case for electing
Marshall Heinberg and Jim Watson at the upcoming 2019 Annual
Meeting to rein in executive compensation, give proper
consideration to strategic alternatives and properly oversee
management.
The full text of Altai Capital’s letter to its fellow
shareholders can be viewed at the following link:
http://www.altai.com/wp-content/uploads/2019/04/Amber-Road-Altai-Letter-to-Shareholders-April-9-2019.pdf
The time for change is now – Altai Capital
urges shareholdersto vote the GOLD proxy card today!
About Altai Capital
Altai Capital is an independent, value-oriented private
investment firm focused on both credit and equity
opportunities.
Related Linkswww.altai.com
LEGEND
ALTAI CAPITAL MANAGEMENT, L.P. (“ALTAI CAPITAL”), ALTAI CAPITAL
OSPREY, LLC, RISHI BAJAJ, MARSHALL A. HEINBERG AND JAMES F. WATSON
(TOGETHER WITH MARSHALL A. HEINBERG, THE “NOMINEES,” COLLECTIVELY,
THE “PARTICIPANTS”) HAVE FILED WITH THE SEC A DEFINITIVE PROXY
STATEMENT AND ACCOMPANYING FORM OF PROXY TO BE USED IN CONNECTION
WITH THE SOLICITATION OF PROXIES FROM THE STOCKHOLDERS OF AMBER
ROAD, INC. (“AMBER ROAD”). ALL STOCKHOLDERS OF AMBER ROAD ARE
ADVISED TO READ ALTAI CAPITAL’S DEFINITIVE PROXY STATEMENT AND
OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY THE
PARTICIPANTS WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN
IMPORTANT INFORMATION, INCLUDING ADDITIONAL INFORMATION RELATED TO
THE PARTICIPANTS. THE DEFINITIVE PROXY STATEMENT AND AN
ACCOMPANYING PROXY CARD WILL BE FURNISHED TO SOME OR ALL OF THE
COMPANY’S STOCKHOLDERS AND WILL BE, ALONG WITH OTHER RELEVANT
DOCUMENTS, AVAILABLE AT NO CHARGE ON THE SEC WEBSITE AT
HTTP://WWW.SEC.GOV/.
INFORMATION ABOUT THE PARTICIPANTS AND A DESCRIPTION OF ITS
DIRECT OR INDIRECT INTERESTS BY SECURITY HOLDINGS IS CONTAINED IN
THE DEFINITIVE PROXY STATEMENT FILED BY ALTAI CAPITAL WITH THE SEC
ON APRIL 8, 2019. THIS DOCUMENT IS AVAILABLE FREE OF CHARGE FROM
THE SOURCES INDICATED ABOVE.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190409005636/en/
Investor:Okapi Partners LLCBruce H. Goldfarb / Patrick J.
McHugh(212) 297-0720 or Toll-free (855)
208-8902info@okapipartners.com
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