Issues Investor Presentation Detailing Why It Believes Removing the Marciano Brothers from the Company Should Eliminate a Massive Risk to Guess' Brand, Reputation and Ability to Generate Sustainable Shareholder Value
Urges Shareholders to WITHHOLD Their Votes on Paul and Maurice Marciano on the BLUE Proxy Card
Launches www.ABetterGuess.com to Provide Updates to Shareholders
LOS ANGELES, March 31, 2022 /PRNewswire/ -- Legion Partners Asset Management, LLC, together with its affiliates (collectively, "we" or "Legion Partners"), a significant shareholder of Guess?, Inc. ("Guess", or the "Company") (NYSE: GES), today announced that it has filed its definitive proxy statement in connection with a "Vote No" campaign opposing the re-election of Paul and Maurice Marciano to the Company's Board of Directors (the "Board") at the upcoming 2022 Annual Meeting of Shareholders (the "Annual Meeting").
Legion also today issued an investor presentation detailing its views as to why the Marciano brothers must be removed from the Company. The presentation is available at https://abetterguess.com/wp-content/uploads/2022/03/Legion-Presentation.pdf.
Further, Legion has launched www.ABetterGuess.com as a resource for shareholders to find additional information, including legal complaints that allege Paul Marciano's long-standing pattern of misconduct in detail, and sign up for updates.
Highlights of Legion's presentation include the following:
It is time to make a better Guess.
Legion urges shareholders to support its efforts by signing, dating and returning the enclosed BLUE proxy card today to WITHHOLD their vote on the re-election of Paul and Maurice Marciano.
If shareholders have already voted for the Company's nominees, they have every right to change their vote by signing, dating and returning a later dated BLUE proxy card or by voting in person at the Annual Meeting.
If shareholders have any questions, require assistance in voting the BLUE proxy card or need additional copies of our proxy materials, please contact:
Saratoga Proxy Consulting LLC520 8th Avenue, 14th FloorNew York, NY 10018(212) 257-1311
Shareholders call toll-free at (888) 368-0379Email: info@saratogaproxy.com
About Legion Partners
Legion Partners is a value-oriented investment manager based in Los Angeles, with a satellite office in Sacramento, CA.Legion Partners seeks to invest in high-quality businesses that are temporarily trading at a discount, utilizing deep fundamental research and long-term shareholder engagement. Legion Partners manages a concentrated portfolio of North American small-cap equities on behalf of some of the world's largest institutional and HNW investors.
Investor Contact:John Ferguson / Joe MillsSaratoga Proxy Consulting(212) 257-1311jferguson@saratogaproxy.com / jmills@saratogaproxy.com
Media Contact:Longacre Square PartnersDan Zacchei / Joe Germanidzacchei@longacresquare.com / jgermani@longacresquare.com
1Beazley Insurance Company, Inc. v. Guess?, Inc., et al., 2:21-cv-09962.
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SOURCE Legion Partners Asset Management