By Business Wirevia The Motley Fool
Filed under: Investing
Ferro Corporation Mailing Letter to Shareholders
Cautions Shareholders Not to be Misled into Disrupting Momentum of Value Creation Strategy
Urges Shareholders to Vote FOR the Board’s Nominees on the WHITE Proxy Card Today
CLEVELAND–(BUSINESS WIRE)– Ferro Corporation (NYSE: FOE, the “Company”) announced that it intends to mail a letter to shareholders in connection with the Company’s Annual Meeting of Shareholders to be held on May 15, 2013.
The Ferro Board of Directors unanimously recommends that shareholders support the Company’s value creation strategy by voting “FOR” the Company’s experienced and highly qualified directors: Richard C. Brown, Gregory E. Hyland and Ronald P. Vargo – by telephone, by Internet or by signing, dating and returning the WHITE proxy card.
The full text of the letter to shareholders is below:
FERRO’S VALUE CREATION STRATEGY CONTINUES TO DELIVER
DON’T BE MISLED INTO DISRUPTING THE MOMENTUM OF OUR STRATEGY
OR ACCEPTING A LOW-BALL ACQUISITION PROPOSAL
VOTE THE ENCLOSED WHITE PROXY CARD TODAY
April 18, 2013
Dear Fellow Ferro Shareholder:
Your Board of Directors is seeking your support to re-elect three independent, experienced and highly qualified Ferro directors at the Ferro Annual Meeting of Shareholders on May 15, 2013. We urge you to vote “FOR” the Ferro Board‘s nominees and the continued successful execution of Ferro’s value creation strategy using the enclosed WHITE proxy card today.
- Ferro is executing on a clearly defined strategy built around the Company’s core competencies to drive shareholder value.
- Ferro is focused on delivering improved earnings and cash flow and enhancing returns on invested capital by reducing costs, streamlining core operations and pursuing high-return growth investments.
- Ferro’s Board has the experience to oversee the execution of Ferro’s strategy and hold management accountable for its execution.
From: http://www.dailyfinance.com/2013/04/18/ferro-corporation-mailing-letter-to-shareholders/