Casella Waste Systems Confirms Receipt of Director Nominations
April 28 2015 - 2:11PM
Casella Waste Systems, Inc. (Nasdaq:CWST), a regional solid waste,
recycling, and resource management services company, today
confirmed that it has received a notice of nomination from JCP
Investment Management, LLC regarding its intention to nominate
three director candidates for election to the Company's Board of
Directors at the 2015 Annual Meeting of Stockholders. Casella
stockholders are not required to take any action at this time.
The Company issued the following statement:
Casella and its Board of Directors are
committed to acting in the best interests of stockholders and we
will continue to take the actions that we believe will enable us to
create value over the long-term. Casella strives to maintain
constructive, ongoing communications with all of its stockholders
and welcomes and values their input. In that regard, since earlier
this year, we have had discussions with JCP's representatives to
hear their views on Casella. Despite our open and constructive
dialogue with JCP and the good faith manner in which we approached
our discussions with JCP, the first time we heard from JCP any
interest in proposing director candidates was when we received
JCP's notice of nominations threatening us with a costly and
distracting proxy contest if we did not agree to accept their
proposed director candidates. Our Board is comprised of nine very
experienced and highly qualified directors, seven of whom are
independent, and all of whom are actively engaged in overseeing
management as it executes on its plans for enhancing stockholder
value. Our directors bring with them a broad and diverse set of
skills and experiences in addition to the areas of waste management
& recycling, including accounting, finance, information
technology, corporate governance, mergers and acquisitions,
investment management, capital markets, capital allocation, capital
structure, risk management, and strategic planning. The Board will
present its recommended slate of director nominees in Casella's
definitive proxy statement and other materials, to be filed with
the Securities and Exchange Commission and mailed to all
stockholders eligible to vote at the 2015 Annual Meeting.
WilmerHale and Morgan, Lewis & Bockius LLP are serving as
legal advisors to Casella.
Important Additional Information And Where To Find
It
Casella, its directors and certain of its executive officers are
deemed to be participants in the solicitation of proxies from the
Company's stockholders in connection with the matters to be
considered at the Company's 2015 Annual Meeting of Stockholders.
Information regarding the names of the Company's directors and
executive officers and their respective interests in the Company by
security holdings or otherwise can be found in the Company's proxy
statement for its 2014 Annual Meeting of Stockholders, filed with
the SEC on August 19, 2014. To the extent holdings of the Company's
securities have changed since the amounts set forth in the
Company's proxy statement for the 2014 Annual Meeting of
Stockholders, such changes have been reflected on Initial
Statements of Beneficial Ownership on Form 3 or Statements of
Change in Ownership on Form 4 filed with the SEC. These documents
are available free of charge at the SEC's website at www.sec.gov.
Casella intends to file a proxy statement and accompanying
WHITE proxy card with the SEC in connection with
the solicitation of proxies from Casella stockholders in connection
with the matters to be considered at the Company's 2015 Annual
Meeting of Stockholders. Additional information regarding the
identity of participants, and their direct or indirect interests,
by security holdings or otherwise, will be set forth in the
Company's proxy statement for its 2015 Annual Meeting, including
the schedules and appendices thereto. INVESTORS AND
STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY
STATEMENT AND THE ACCOMPANYING PROXY CARD AND OTHER DOCUMENTS FILED
BY CASELLA WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY
BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT
INFORMATION. Stockholders will be able to obtain the Proxy
Statement, any amendments or supplements to the Proxy Statement,
the accompanying WHITE proxy card, and other
documents filed by Casella with the SEC for no charge at the SEC's
website at www.sec.gov. Copies will also be available at no charge
at the Investor Relations section of the Company's corporate
website at www.casella.com, by writing to the Company's Corporate
Secretary at Casella Waste Systems, Inc., 25 Greens Hill Lane,
Rutland, VT 05701, or by calling the Company's Corporate Secretary
at (802) 772-2257.
About Casella Waste Systems, Inc.
Casella Waste Systems, Inc., headquartered in Rutland, Vermont,
provides solid waste management services consisting of collection,
transfer, disposal, and recycling services in the northeastern
United States. For further information, investors contact Ned
Coletta, Chief Financial Officer at (802) 772-2239; media contact
Joseph Fusco, Vice President at (802) 772-2247; or visit the
company's website at http://www.casella.com.
CONTACT: Investors:
Ned Coletta
Chief Financial Officer
(802) 772-2239
Media:
Joseph Fusco
Vice President
(802) 772-2247
OR
Dan Gagnier/Mark Harnett
Sard Verbinnen & Co.
(212) 687-8080
Casella Waste Systems (NASDAQ:CWST)
Historical Stock Chart
From Aug 2024 to Sep 2024
Casella Waste Systems (NASDAQ:CWST)
Historical Stock Chart
From Sep 2023 to Sep 2024