Sandell Receives Clear Mandate for Change from Shareholders of Bob Evans
Majority of Sandell's Slate Elected to Bob Evans Board of Directors - Final Voting Results Could Add Additional Sandell Directors
Sandell Asset Management Corporation (“Sandell”), one of the largest shareholders of Bob Evans Farms, Inc. (NASDAQ:BOBE) (“Bob Evans” or the “Company”), today announced that no less than five of Sandell’s eight nominees have been elected to the Bob Evans Board of Directors, according to preliminary estimates by Sandell’s proxy solicitor of the voting results at today's Annual Meeting of Shareholders. The final voting results may show additional Sandell nominees have been added.
Tom Sandell, CEO of Sandell Asset Management, said: “We are extremely pleased by the support demonstrated by our fellow shareholders, who have sent a very clear message that the time is now for meaningful change at Bob Evans. With the majority of our highly qualified, independent nominees joining the Board, and potentially more to be added, we are confident this has been achieved. We look forward to receiving the final vote count in a timely manner and to the new, reconstituted and highly-qualified Board utilizing their deep experience and fresh perspective to truly unlock value at Bob Evans for all shareholders.”
Sandell Asset Management Corp. is a leading private, alternative asset management firm specializing in global corporate event-driven, multi-strategy investing with a strong focus on equity special situations and credit opportunities. Sandell Asset Management Corp. was founded in 1998 by Thomas E. Sandell and has offices in New York and London, including a global staff of investment professionals, traders and infrastructure specialists.
Tom Sandell, CEO of Sandell Asset Management, said: “We are extremely pleased by the support demonstrated by our fellow shareholders, who have sent a very clear message that the time is now for meaningful change at Bob Evans. With the majority of our highly qualified, independent nominees joining the Board, and potentially more to be added, we are confident this has been achieved. We look forward to receiving the final vote count in a timely manner and to the new, reconstituted and highly-qualified Board utilizing their deep experience and fresh perspective to truly unlock value at Bob Evans for all shareholders.”
Sandell Asset Management Corp. is a leading private, alternative asset management firm specializing in global corporate event-driven, multi-strategy investing with a strong focus on equity special situations and credit opportunities. Sandell Asset Management Corp. was founded in 1998 by Thomas E. Sandell and has offices in New York and London, including a global staff of investment professionals, traders and infrastructure specialists.
