Engaged Capital Releases Second Presentation to Set the Record Straight for Rent-A-Center Stockholders
23 May 2017 - 4:07AM
Business Wire
- RCII incumbent directors admit to
massive value destruction and continue to reject the exploration of
strategic alternatives.
- Presentation highlights Engaged
Capital’s track record and its nominees’ exemplary record of value
creation.
- Reminds stockholders to vote the
BLUE Engaged Capital proxy card
today to elect Jeffrey J. Brown, Mitchell E. Fadel, and Christopher
B. Hetrick and restore stockholder value.
Engaged Capital, LLC (together with its affiliates, “Engaged
Capital”), an investment firm specializing in enhancing the value
of small and mid-cap North American equities with a 20.5% economic
exposure to Rent-A-Center, Inc. (“RCII” or the “Company”)
(NASDAQ:RCII), announced today that it has released a second
presentation to RCII stockholders highlighting the significant
value destruction that has occurred under the incumbent Board’s
watch and addressing recent misleading statements made by the
Company. The presentation is available at
http://engagedcapital.com/press/Supplemental-Presentation-to-Rent-A-Center-Stockholders.pdf.
IT IS TIME TO HOLD THE RCII BOARD
ACCOUNTABLE
VOTE THE BLUE
ENGAGED CAPITAL PROXY CARD FOR ALL THREE ENGAGED CAPITAL NOMINEES
TODAY
If you have any questions, or require
assistance with your vote, please contact Saratoga Proxy Consulting
LLC, toll- free at (888) 368-0379, call direct at (212) 257-1311 or
email: info@saratogaproxy.com
About Engaged Capital:
Engaged Capital, LLC (“Engaged Capital”) was established in 2012
by a group of professionals with significant experience in activist
investing in North America and was seeded by Grosvenor Capital
Management, L.P., one of the oldest and largest global alternative
investment managers. Engaged Capital is a limited liability company
owned by its principals and formed to create long-term shareholder
value by bringing an owner’s perspective to the managements and
boards of undervalued public companies. Engaged Capital’s efforts
and resources are dedicated to a single investment style,
“Constructive Activism” with a focus on delivering superior,
long-term, risk-adjusted returns for investors. Engaged Capital is
based in Newport Beach, California.
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version on businesswire.com: http://www.businesswire.com/news/home/20170522006181/en/
Investors:Saratoga Proxy Consulting LLCJohn Ferguson /
Joe Mills212-257-1311 /
888-368-0379Info@saratogaproxy.comorMedia:Bayfield Strategy,
Inc.Riyaz Lalani416-907-9365rlalani@bayfieldstrategy.com
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