WM Argyle Investor Presentation Details the Failures of Broadwind’s Board of Directors and Urges Shareholders to Elect the Fund’s Three Director Nominees
08 Maio 2023 - 7:24PM
WM Argyle Fund, LLC (the “Fund”), one of the largest investors in
Broadwind, Inc. (NASDAQ: BWEN) (“Broadwind” or the “Company”),
today released a presentation to Broadwind investors that described
the dismal track record of the Company’s Board of Directors (the
“Board”) and urged shareholders to elect the Fund’s nominees. The
presentation noted that:
- Shareholders have endured a “lost decade” of financial losses,
share dilution and stock-price underperformance;
- Three entrenched directors bear the greatest share of
responsibility for the Board’s strategic errors and governance
failings and should be replaced with the Fund’s three nominees
at the annual meeting; and
- WM Argyle’s nominees are exceptionally qualified to serve
shareholder interests and will bring fresh thinking and greater
accountability to the Board.
In its presentation, the Fund urged stockholders to vote
FOR Ryan Bogenschneider, Christine M. Candela and
James M. Robinson IV and to WITHHOLD on incumbent
directors David P. Reiland, Thomas A. Wagner and Cary B. Wood.
Additional information regarding the WM Argyle Fund’s
director nominees and its plan to improve Broadwind can be found
at www.BWEN2023.com.
About WM Argyle Fund
WM Argyle Fund, LLC, which owns 207,200 of the outstanding
common shares of Broadwind, Inc., is an investment fund
specifically created to invest in Broadwind. We believe the Company
has been underperforming due to strategic errors, operational
inefficiencies, and inattentive governance. We are looking to
ensure the long-term performance of the Company by reconstituting
the Broadwind Board with new members.
Important Information
WM Argyle Fund, LLC, Jay Douglas Armburger, Ryan Bogenschneider,
Christine M. Candela and James M. Robinson IV (collectively, the
“Participants”) have filed with the Securities and Exchange
Commission (the “SEC”) a definitive proxy statement and
accompanying form of GREEN universal proxy card to be used in
connection with the solicitation of proxies from the stockholders
of Broadwind, Inc. (the “Company”). Information about the
Participants and a description of their direct or indirect
interests by security holdings is contained in the definitive proxy
statement filed by the Participants with the SEC. All stockholders
of the Company are advised to read the 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 GREEN universal proxy card will be furnished to some
or all of the Company’s stockholders and are, along with other
relevant documents, available at no charge on the SEC website at
http://www.sec.gov/.
Contacts:
InvestorsInvestorCom LLCJohn Glenn Grau,
203-972-9300info@investor-com.com
MediaMahony PartnersRichard Mahony,
917-257-6811info@mahonypartners.com
If you have any questions, require assistance with voting your
proxy card,or need additional copies of proxy material, please
contact InvestorCom LLCInvestorCom LLC19 Old Kings
Highway S., Suite 130Darien, CT 06820proxy@investor-com.com(203)
972-9300 or Toll-Free (877) 972-0090 |
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