Match Group Urges Shareholders to Reject Anson Funds' Board Nominees

MT Newswires Live04-07

Match Group (MTCH) said Monday that shareholders should not support activist investor Anson Funds' three proposed board nominees.

"None of them brings meaningful additional skills or expertise relevant to Match Group's strategic priorities moving forward," the dating applications company said.

The company said its board recommended that stockholders vote for all of its nominees up for election at the annual meeting.

Match Group also said that at the annual meeting, it will seek shareholder approval to declassify its board, which is currently divided into three classes with members serving staggered three-year terms.

The company added that it will appoint e-commerce executive Darrell Cavens as a new director in connection with the annual meeting.

Anson Funds didn't immediately respond to a request for comment from MT Newswires.

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