MG Capital Announces Glass Lewis’ Recommendation to Remove the Entire HC2 Board and Elect All Six of MG Capital’s Director Nominees
HC2 Holdings, Inc. (HCHC)
NASDAQ:AMEX Investor Relations:
ir.hc2.com
Company Research
Source: Business Wire
Both Leading Independent Proxy Advisory Firms Have Now Supported MG Capital’s Case for Major Change Atop HC2 In a Rare Move, Glass Lewis Resoundingly Recommends Stockholders Overhaul the Entire Board, Joining ISS in Its Support of Removing CEO Philip Falcone From the Board MG Capital Urges Stockholders to Not be Misled by HC2 and Mr. Falcone’s Desperate Last-Minute Promises and to “CONSENT” to Each Action on the GREEN Consent Card Today NEW YORK--(BUSINESS WIRE)--MG Capital Management, Ltd. (together with Percy Rockdale LLC, the nominating stockholder, and its affiliates, “MG Capital” or “we”), today announced that Glass, Lewis & Co., LLC (“Glass Lewis”), a leading independent proxy advisory firm, has endorsed its case for wholesale change at HC2 Holdings, Inc. (NYSE: HCHC) (“HC2” or the “Company”). Glass Lewis recommends that stockholders vote to “CONSENT” to all actions on the GREEN consent card, including the election of all six of MG Capital’s highly-qualified and independent
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