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Bow Street Responds to False Allegations Regarding its Mack-Cali Board NomineeBow Street LLC ("Bow Street") today issued the following statement regarding the unfair and untrue allegations made by Mack-Cali Realty Corporation ("Mack-Cali" or the "Company") regarding Tammy Jones, one of Bow Street's nominees for election to the Company's Board of Directors (the "Board"). Akiva Katz and Howard Shainker, Managing Partners of Bow Street, said, "It is highly disappointing that Mack-Cali has chosen to impugn Ms. Jones, who is one of the few African American female CEOs in the commercial real estate sector. Ms. Jones has a sterling reputation, unimpeachable integrity and is widely recognized as a champion of gender and ethnic diversity in the commercial real estate industry. Mack-Cali shareholders would greatly benefit from the independence, intellect, and experience she would bring to the boardroom. That Mack-Cali's legacy directors and CEO Michael DeMarco would choose to mislead shareholders with innuendo and falsehoods about Ms. Jones further underscores their misaligned priorities." Here are the facts:
Ms. Jones and her spouse were working with Ferguson Partners, the search firm retained by Mack-Cali, on a diversity initiative for more than 6 months before Mack-Cali began its search for director candidates.
Ferguson Partners wanted to recommended Ms. Jones for Mack-Cali's 2020 Board slate, however, Ms. Jones declined the opportunity and further specified to Ferguson Partners that she had a conflict with it.
Ferguson Partners has a longstanding history with Mack-Cali and is not an objective third-party.
Ms. Jones is an independent, highly capable, and experienced nominee, who, as a Mack-Cali director, would not only protect shareholders' interests, but also provide thought leadership to incorporate ESG principles into the Company's long-term strategy. The nation's leading, independent proxy advisory firm, Institutional Shareholder Services Inc. ("ISS"), recommended that Mack-Cali shareholders vote the GOLD proxy card to elect ALL EIGHT of Bow Street's nominees, including Ms. Jones.
These are the facts and Mack-Cali shareholders deserve to know them. Shareholders are encouraged to read the email evidence that supports these facts by visiting http://www.bowstreetllc.com/mack-cali2020/.
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About Bow Street LLC Founded in 2011, Bow Street is a New York-based investment manager that partners with institutional investors and family offices globally to invest opportunistically across public and private securities. View source version on businesswire.com: https://www.businesswire.com/news/home/20200603005911/en/ |