ADW Capital Updates Shareholders On Its "No Vote" Campaign Based On The Company's Recent Announced Strategic Review Process
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.After reporting respectable financial results on Friday that were met with little fanfare, we were pleased to see this Board and Management act responsibly and engage a highly respected industry advisor to represent the Company on value maximization initiatives. Given the Company's recent financial performance and recent strategic shift, we are electing to cancel our "no vote" campaign to deny the Company a quorum at its annual meeting on Wednesday. We will still be holding our meeting Tuesday evening to discuss our views on the strategic value of the Company's assets. We are cautiously optimistic based on the composition of the Strategic Committee that a positive outcome may b
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