Hestia Capital Files Definitive Proxy Statement and Sends Letter to Pitney Bowes Stockholders
PITTSBURGH, March 16, 2023--(BUSINESS WIRE)--Hestia Capital Management, LLC (collectively with its affiliates, "Hestia" or "we"), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE: PBI) ("Pitney Bowes" or the "Company") and has a beneficial ownership position of 8.4% of the Company’s outstanding common stock, today announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with Pitney Bowes’ 2023 Annual Meeting of Stockholders scheduled for May 9, 2023. In addition, Hestia sent a letter to the Company’s stockholders, which can be downloaded and viewed at the link above.
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Learn how to vote for Hestia’s five director candidates on the WHITE proxy card or WHITE voting instruction form by visiting www.TransformPitneyBowes.com, where stockholders can download a copy of our letter, review a copy of Hestia’s definitive proxy statement and sign up for future updates on Hestia’s campaign for boardroom change.
About Hestia Capital
Hestia Capital is a long-term focused, deep value investment firm that typically makes investments in a narrow selection of companies facing company-specific, and/or industry, disruptions. Hestia seeks to leverage its General Partner's expertise in competitive strategy, operations and capital markets to identify attractive situations within this universe of disrupted companies. These companies are often misunderstood by the general investing community or suffer from mismanagement, which we reasonably expect to be corrected, and provide the 'price dislocations' which allows Hestia to identify, and invest in, highly attractive risk/reward investment opportunities.
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