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Gleacher & Company Announces Preliminary Results of Annual Meeting of Stockholders

  Gleacher & Company Announces Preliminary Results of Annual Meeting of   Stockholders          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.  Contact:  Gleacher & Company, Inc. Investor Relations 212-273-7100  
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