NEW YORK–(BUSINESS WIRE)–Bow Street LLC (“Bow Street”), a New York-based investment firm that
beneficially owns approximately 4.5% of the outstanding shares of common
stock of Mack-Cali Realty Corporation (“Mack-Cali” or the “Company”)
(NYSE: CLI), today announced that based on proxies submitted to the
independent Inspector of Election for Mack-Cali’s 2019 Annual Meeting of
Shareholders, preliminary results indicate that Mack-Cali shareholders
have overwhelmingly elected Bow Street’s nominees Alan Batkin, Frederic
Cumenal, MaryAnne Gilmartin and Nori Gerardo Lietz to the Mack-Cali
Board of Directors (the “Board”).
Akiva Katz and Howard Shainker, Managing Partners of Bow Street, said,
“Shareholders have spoken loudly and presented the Company with a clear
mandate for change. Now, the real work begins. Alan, Frederic, MaryAnne
and Nori are excited to roll up their sleeves and work alongside their
fellow directors to ensure that a robust strategic alternatives process
leaves no stone unturned in creating meaningful value for all
shareholders. We have no doubt that with truly independent directors and
renewed oversight in the boardroom, Mack-Cali shareholders will finally
reap the long-overdue benefits of their investment. The positive
governance changes Mack-Cali announced today are the direct result of
the unwavering determination of shareholders to hold the Board
accountable. We thank all shareholders for their overwhelming support.”
About Bow Street LLC
Founded in 2011, Bow Street is a New York-based investment manager that
partners with institutional investors and family offices globally to
invest opportunistically across public and private securities.
Contacts
Media Contacts
Gasthalter & Co.
Jonathan
Gasthalter/Amanda Klein
(212) 257 4170
Investor Contacts
Innisfree M&A Incorporated
Scott
Winter/Gabrielle Wolf
(212) 750 5833
