Marlton Partners Files Preliminary Proxy Statement Related to Election of Directors for the 180 Degree Capital Board of Directors
Marlton Partners, owning approximately 5.8% of 180 Degree Capital Corp. (NASDAQ: TURN), has filed a preliminary proxy statement to nominate four independent director candidates for election at the company's Special Meeting on September 15, 2025.
The nominees include James C. Elbaor, Gabriel Gliksberg, Aaron Morris, and Andrew Greenberg. As long-term shareholders, Marlton aims to enhance TURN's governance and ensure proper management of shareholder capital. The proxy filing represents a significant step in their ongoing engagement with the company, which began over a year ago.
["Potential for improved corporate governance through new board members", "Shareholders given opportunity to vote on board composition"]Marlton Partners, che detiene circa il 5,8% di 180 Degree Capital Corp. (NASDAQ: TURN), ha presentato una dichiarazione preliminare di delega per proporre quattro candidati indipendenti al consiglio di amministrazione da eleggere durante l'Assemblea Straordinaria della società del 15 settembre 2025.
I candidati proposti sono James C. Elbaor, Gabriel Gliksberg, Aaron Morris e Andrew Greenberg. In qualità di azionisti di lungo periodo, Marlton mira a rafforzare la governance di TURN e a garantire una gestione corretta del capitale degli azionisti. La presentazione della delega rappresenta un passo importante nel loro impegno continuo con la società , iniziato oltre un anno fa.
- Potenziale miglioramento della governance aziendale tramite nuovi membri del consiglio
- Opportunità per gli azionisti di votare sulla composizione del consiglio
Marlton Partners, propietaria aproximadamente del 5,8% de 180 Degree Capital Corp. (NASDAQ: TURN), ha presentado una declaración preliminar de poder para nominar a cuatro candidatos independientes al directorio para su elección en la Junta Especial de la compañÃa el 15 de septiembre de 2025.
Los nominados son James C. Elbaor, Gabriel Gliksberg, Aaron Morris y Andrew Greenberg. Como accionistas a largo plazo, Marlton busca mejorar la gobernanza de TURN y asegurar una gestión adecuada del capital de los accionistas. La presentación del poder constituye un paso significativo en su interacción continua con la compañÃa, que comenzó hace más de un año.
- Posibilidad de mejorar la gobernanza corporativa mediante nuevos miembros del consejo
- Los accionistas tienen la oportunidad de votar sobre la composición del consejo
Marlton Partnersµç� 180 Degree Capital Corp. (NASDAQ: TURN)ì� ì•� 5.8%ë¥� ë³´ìœ í•˜ê³ ìžˆìœ¼ë©�, 회사ì� 특별 주주ì´íšŒê°€ 열리µç� 2025ë…� 9ì›� 15ì�ì—� ì„ ì¶œë� ë„� ëª…ì˜ ë…립 ì´ì‚¬ 후보ë¥� 지명하ê¸� 위한 예비 위임ìž�(프ë¡ì‹�) 서류ë¥� ì œì¶œí–ˆìŠµë‹ˆë‹¤.
ì§€ëª� 후보µç� James C. Elbaor, Gabriel Gliksberg, Aaron Morris, Andrew Greenberg입니ë‹�. 장기 주주로서 Marltonì€ TURNì� 지배구조를 ê°œì„ í•˜ê³ ì£¼ì£¼ ìžë³¸ì� ì ì ˆí•� 관리를 ë³´ìž¥í•˜ë ¤ê³� 합니ë‹�. ì´ë²ˆ 프ë¡ì‹� ì œì¶œì€ 1ë…� 넘게 ì´ì–´ì˜� 회사와ì� ì§€ì†ì ì� 관여ì—ì„� 중요í•� ì§„ì „ìž…ë‹ˆë‹�.
- ìƒ� ì´ì‚¬ë“¤ì„ 통한 기업 지배구ì¡� ê°œì„ ê°€ëŠ¥ì„±
- ì´ì‚¬íš� 구성ì—� 대í•� ì£¼ì£¼ë“¤ì´ íˆ¬í‘œí•� 기회 ì œê³µ
Marlton Partners, détenant environ 5,8% de 180 Degree Capital Corp. (NASDAQ: TURN), a déposé une déclaration de procuration préliminaire pour proposer quatre candidats administrateurs indépendants en vue de leur élection lors de l'Assemblée Spéciale de la société le 15 septembre 2025.
Les candidats désignés sont James C. Elbaor, Gabriel Gliksberg, Aaron Morris et Andrew Greenberg. En tant qu'actionnaires de long terme, Marlton cherche à renforcer la gouvernance de TURN et à garantir une gestion appropriée du capital des actionnaires. Le dépôt de cette procuration marque une étape importante dans leur engagement continu avec la société, entamé il y a plus d'un an.
- Potentiel d'amélioration de la gouvernance d'entreprise grâce à de nouveaux membres du conseil
- Possibilité pour les actionnaires de voter sur la composition du conseil
Marlton Partners, das rund 5,8% an 180 Degree Capital Corp. (NASDAQ: TURN) hält, hat eine vorläufige Vollmachtsmitteilung eingereicht, um vier unabhängige Direktorenkandidaten zur Wahl auf der außerordentlichen Hauptversammlung des Unternehmens am 15. September 2025 zu nominieren.
Zu den Nominierten gehören James C. Elbaor, Gabriel Gliksberg, Aaron Morris und Andrew Greenberg. Als langfristige Anteilseigner verfolgt Marlton das Ziel, die Governance von TURN zu stärken und eine ordnungsgemäße Verwaltung des Aktionärskapitals sicherzustellen. Die Proxy-Einreichung stellt einen bedeutenden Schritt in ihrem seit über einem Jahr andauernden Engagement mit dem Unternehmen dar.
- Potenzial zur Verbesserung der Unternehmensführung durch neue Vorstandsmitglieder
- Gelegenheit für Aktionäre, über die Zusammensetzung des Vorstands abzustimmen
- None.
- Indicates potential leadership conflict and proxy battle
- Risk of business disruption during board transition period
James C. Elbaor, Managing Member of Marlton, commented:
"Yesterday, we filed our preliminary proxy related to our previously announced nomination of four highly-qualified director candidates to the TURN Board. As long-term shareholders, we remain committed to realizing TURN's full potential, and believe the September 15 meeting is a long overdue opportunity for Company shareholders to cast their vote on the composition of the Board. Since first engaging with the Company more than a year ago, we have remained steadfast in our intention of helping instill strong governance at TURN and to ensure that shareholder capital is respected. We look forward to TURN's owners having their rightful say on the future of the Company in September, and to speaking with shareholders directly about our nominees once we have a Definitive Proxy statement on file."
About Marlton Partners L.P.
Marlton Partners L.P. is a
DISCLAIMER
This material does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. In addition, the discussions and opinions in this press release and the material contained herein are for general information only, and are not intended to provide investment advice. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are "forward-looking statements," which are not guarantees of future performance or results, and the words "may," "might," "could," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other comparable terminology are generally intended to identify forward-looking statements. Any such forward-looking statements contained herein are based on current assumptions, estimates and expectations, but are subject to a number of known and unknown risks and significant business, economic and competitive uncertainties that may cause actual results to differ materially from expectations. Any forward-looking statements should be considered in light of those risk factors. The Participants (as defined below) caution readers not to rely on any such forward-looking statements, which speak only as of the date they are made. Certain information included in this press release is based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any analyses provided to assist the recipient of this press release in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should also not be viewed as factual and should not be relied upon as an accurate prediction of future results. Any figures are unaudited estimates and subject to revision without notice. The Participants disclaim any intent or obligation to publicly update or revise any such forward-looking statements to reflect any change in expectations or future events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results may differ from those set forth in such forward-looking statements.
CERTAIN INFORMATION CONCERNING THE PARTICIPANTS
Marlton Partners L.P., a Delaware limited partnership ("Marlton Partners"), together with the other Participants named herein, filed a preliminary proxy statement and an accompanying proxy card with the Securities and Exchange Commission ("SEC") on August 15, 2025 to be used to solicit votes for the election of its slate of highly-qualified director nominees at the special meeting of shareholders of 180 Degree Capital Corporation, a New York corporation (the "Company"), to be held on September 15, 2025, for the sole purpose of the election of directors.
THE PARTICIPANTS STRONGLY ADVISES ALL SHAREHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS, INCLUDING A PROXY CARD, AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE ATÂ HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR.
The participants in the proxy solicitation are expected to be Marlton Partners, Marlton, LLC, James C. Elbaor, Aaron T. Morris, Gabriel D. Gliksberg, ATG Fund II, LLC, ATG Capital Management, LLC, and Andrew M. Greenberg (collectively, the "Participants").
As of the date hereof, Marlton Partners is the beneficial owner of 174,867 shares of common stock, par valueÂ
Media Contact:
ASC Advisors
Taylor
[email protected]
Investors Contact:
James C. Elbaor (214-405-4141)
[email protected]
View original content:
SOURCE Marlton Partners L.P.