ADW Capital Reminds Shareholders To Request Legal Proxy To Deny Quorum
Select Interior Concepts, Inc. - Class A (SIC)
Last select interior concepts, inc. - class a earnings: 3/12 07:05 am
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Source: PR Newswire
NEW YORK, May 13, 2019 /PRNewswire/ -- Dear Shareholders of Select Interior Concepts (NASDAQ:SIC),As you may be aware, ADW Capital Management LLC ("ADW") is the advisor to the entities that own 2,514,900 shares of Select Interior Concepts (the "Company") representing an interest of roughly 9.73% in the Company.We believe that this Board's recent behavior and aura of complacency makes no financial or strategic sense. However, despite what we view as the colossal failure of this Management Team and Board of Directors thus far in creating shareholder value, SIC today has incredibly coveted assets in ASG and RDS. In order to prevent any further destruction of shareholder value that could include a DILUTIVE transaction or putting significant LEVERAGE on our business, we must let this Board and Management Team know that shareholder concerns need to be taken seriously. We are therefore urging shareholders NOT TO VOTE their shares at SIC's upcoming annual meeting to prevent the Company from
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