Gleacher & Company Announces Preliminary Results of Annual Meeting of Stockholders

  Gleacher & Company Announces Preliminary Results of Annual Meeting of

        All Proposals, Including Dissolution and Liquidation, Approved

Business Wire

ALBANY, N.Y. -- May 29, 2014

Gleacher & Company, Inc. (Nasdaq:GLCH) today announced preliminary voting
results of its 2014 annual meeting of stockholders (the “Annual Meeting”) held
today. At the Annual Meeting, the Company’s stockholders voted on proposals to
(1) voluntarily dissolve and liquidate the Company pursuant to a Plan of
Dissolution and Liquidation, (2) grant discretionary authority to the Board of
Directors (the “Board”) to adjourn the Annual Meeting to solicit additional
votes in favor of the approval of the dissolution and liquidation of the
Company, (3) elect five individuals to the Company’s Board, (4) ratify the
appointment of PricewaterhouseCoopers LLP as the independent registered public
accounting firm of the Company for the fiscal year ending December 31, 2014,
and (5) approve the compensation of the Company’s named executive officers. At
the Annual Meeting, each of proposals (1), (2), (4) and (5) was approved by
the requisite number of affirmative votes of the Company’s stockholders. The
Company’s stockholders also elected Messrs. Marshall Cohen, Keith B. Hall,
Jaime Lifton, Christopher R. Pechock and Mark R. Patterson to the Board, each
for a term of one year. The Company expects to announce the final results of
the Annual Meeting within four business days.

About Gleacher & Company

Gleacher & Company, Inc. (Nasdaq:GLCH) is incorporated under the laws of the
State of Delaware. The Company’s common stock is traded on The NASDAQ Global
Market under the symbol “GLCH.”

Forward-Looking Statements

This press release contains “forward-looking statements.” These statements are
not historical facts but instead represent the Company’s belief or plans
regarding future events, many of which, by their nature, are inherently
uncertain and outside of the Company’s control. The Company’s forward-looking
statements are subject to various risks and uncertainties, including the risks
and other factors identified herein and in other public disclosures made by
the Company from time to time, including in the Company’s periodic and current
reports and other filings made by the Company with the Securities and Exchange
Commission. As a result, the Company’s actual results may differ materially
from those expressed or implied by these forward-looking statements. Readers
are cautioned that these forward-looking statements, including, without
limitation, statements regarding the proposed dissolution and liquidation of
the Company, involve known and unknown risks, uncertainties and other
important factors that could cause our actual results, performance or
achievements, or industry results, to differ materially from our expectations
of future results, performance or achievements expressed or implied by such
forward-looking statements. Although we believe that the expectations
reflected in any forward-looking statements are reasonable, we cannot
guarantee future events or results. Except as may be required under federal
law, we undertake no obligation to update any forward-looking statements for
any reason, even if new information becomes available or other events occur.


Gleacher & Company, Inc.
Investor Relations
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