InvestorCom Congratulates Lone Star Value on Securing Overwhelming
Shareholder Mandate in Hudson Global Shareholder Vote
80% of all Shares Outstanding Voted in Favor of Activist Investor’s Director
Nominees, Representing 95% of All Votes Cast
NEW YORK -- May 29, 2014
InvestorCom, Inc. (“InvestorCom”), an advisory firm specializing in proxy
solicitation, corporate governance consulting, and stock surveillance,
congratulates its client, Lone Star Value Management and its founder and CEO,
Jeffrey Eberwein, on a highly successful proxy solicitation campaign to elect
its director nominees to the board of directors of Hudson Global, Inc.
(Nasdaq: HSON; “Hudson Global”).
“We extend our warmest congratulations to Jeff Eberwein and his team at Lone
Star Value Management on the overwhelming support he has received from Hudson
Global shareholders in this proxy contest, reflecting their strong commitment
to shareholder rights and to helping companies enhance shareholder value,”
commented John Glenn Grau, President of InvestorCom. “Moreover, given the
landslide proportions of the voting in favor of Lone Star’s director nominees,
I believe this is a truly historic win. I have been managing proxy campaigns
for over two decades and have never witnessed this degree of shareholder
support of an outside investor. It is also the largest margin of victory in a
contested election that I have seen in the recent past.”
In the shareholder vote at the 2014 Annual Meeting, Lone Star Value’s two
nominees for Hudson Global’s board of directors, Mr. Eberwein and Richard K.
Coleman, Jr. were both elected, capturing 26,100,463 votes, or close to 80% of
all shares outstanding.
Mr. Grau added, “We are proud of having served as the proxy solicitor in this
campaign, we are grateful to Jeff for his support, and look forward to working
together with Lone Star Value Management on future campaigns.”
John Glenn Grau, 203-972-9300 ext. 11
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