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0 0 0 0.000412881915772007 -0.000412881915772154 0.000412881915772007 -0.00196118909991755 0.0017547481420314
Stock impact report

MILLER INDUSTRIES ISSUES STATEMENT IN RESPONSE TO SHAREHOLDER LETTER [Yahoo! Finance]

Miller Industries, Inc. (MLR) 
US:NYSE Investor Relations: millerind.com/investor-relations
Company Research Source: Yahoo! Finance
Manufacturer of Towing and Recovery Equipment, today responded to a public statement issued by Advisory Research, a shareholder in Miller Industries, calling on the Miller Industries Board of Directors (the "Board") to form a special committee and conduct a strategic review process. Ted Ashford , Lead Independent Director commented, "Our Board routinely reviews our corporate strategy and is willing to discuss and challenge management's plans for value creation. At this time, the Board believes that the execution of our current plan and growth strategy, which has driven 48.4% in total shareholder return over the past year, is the best means to maximize long-term shareholder value and drive continued positive change. We're disappointed, but perhaps not surprised that after months of earnest engagement, Advisory Research has concluded that it is not willing to put its thesis to a vote to shareholders, but has instead decided to make a self-serving and short-sighted public complaint, wi Show less Read more
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