Proxy Advisory Firm Egan-Jones Joins Glass Lewis In Recommending ADP Shareholders Vote FOR ALL Three of Pershing Square’s N...
24 Outubro 2017 - 11:30AM
Business Wire
Pershing Square Capital Management, L.P. (“Pershing Square”),
announced that Egan-Jones Proxy Services (“Egan-Jones”), an
independent proxy advisory firm, recommends that ADP (NASDAQ: ADP)
shareholders vote FOR Pershing Square’s three nominees on the GOLD
proxy card at ADP’s annual meeting on November 7, 2017.
In recommending Pershing Square’s nominees on the GOLD proxy
card, Egan-Jones noted:
“We believe that Pershing Square’s nominees will reinforce the
Board and management in addressing operational inefficiencies,
strengthen corporate governance and unlock ADP’s potential in order
to maximize shareholder value.”
The highly qualified nominees for ADP’s transformation on the
Egan-Jones recommended GOLD card are: William A. Ackman, CEO of
Pershing Square; Veronica M. Hagen, former CEO of Polymer Group,
Inc.; and V. Paul Unruh, presently director and Chairman of the
Audit Committee at Symantec Corporation.
“We are delighted to have received Egan-Jones’s support,” said
Bill Ackman. “We urge our fellow shareholders to follow the
recommendations of Egan-Jones and Glass Lewis and vote the GOLD
proxy card for all three nominees for ADP’s transformation.”
Please contact Egan-Jones directly for the complete
report.
Pershing Square published its most recent ADP presentation on
October 11, 2017. Shareholders can access that presentation here
and additional supporting materials here.
For additional information, visit our website:
www.ADPascending.com. Follow ADPascending on Facebook, Twitter and
YouTube.
To vote for Pershing Square’s Nominees for ADP’s Transformation,
please vote the GOLD Proxy Card or GOLD Voting Instruction
Form.
You can vote by Internet, telephone or by signing and dating the
GOLD Proxy Card or Voting Instruction Form and mailing it in the
postage paid envelope provided. We urge you NOT to vote using any
white proxy card or voting instruction form you receive from ADP.
Please discard the white proxy card.
If you have any questions about how to vote your shares, please
contact our proxy solicitor, D.F. King & Co., Inc., at (866)
342-1635.
About Pershing Square Capital Management, L.P.
Pershing Square Capital Management, L.P., based in New York
City, is a SEC-registered investment advisor to investment
funds.
This press release relates to Pershing Square’s solicitation of
proxies in connection with the 2017 annual meeting of stockholders
of ADP.
The information contained in this press release (the
“Information”) is based on publicly available information about
Automatic Data Processing, Inc. (“ADP” or the “Company”), which has
not been independently verified by Pershing Square Capital
Management, L.P. (“Pershing Square”). Pershing Square recognizes
that there may be confidential or otherwise non-public information
in the possession of ADP or others that could lead ADP or others to
disagree with Pershing Square’s conclusions. This press release and
the Information is not a recommendation or solicitation to buy or
sell any securities.
The analyses provided may include certain forward-looking
statements, estimates and projections prepared with respect to,
among other things, general economic and market conditions, changes
in management, changes in board composition, actions of ADP and its
subsidiaries or competitors, the ability to implement business
strategies and plans and pursue business opportunities in the human
capital management industry. Such forward-looking statements,
estimates, and projections reflect various assumptions by Pershing
Square concerning anticipated results that are inherently subject
to significant uncertainties and contingencies and have been
included solely for illustrative purposes, including those risks
and uncertainties detailed in the continuous disclosure and other
filings of ADP with the Securities and Exchange Commission at
www.sec.gov. No representations, express or implied, are made as to
the accuracy or completeness of such forward-looking statements,
estimates or projections or with respect to any other materials
herein. Actual results may vary materially from the estimates and
projected results contained herein.
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version on businesswire.com: http://www.businesswire.com/news/home/20171024006015/en/
Pershing SquareFran McGill, 212-909-2455McGill@persq.com
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