USA Tech Urges Holders Vote White Proxy Card for Its Directors, Vote Against Proxy Battle
Dear Fellow USA Technologies Shareholder:
In the midst of this progress, Bradley Tirpak, a former board member, has launched a time-consuming and distracting proxy fight to attempt to wrest control of the board at our upcoming Annual Meeting without paying a takeover premium to shareholders. We believe that we are growing significantly, making excellent progress toward profitability, and that USAT is poised for exponential growth in shareholder value. In their ill-advised quest to seize control of the board now, Mr. Tirpak and his associate Craig Thomas—operating under the self-laudatory moniker S.A.V.E.—are attempting to harvest this shareholder value for themselves at little or no cost.
USA TECHNOLOGIES' BOARD RECOMMENDS THAT SHAREHOLDERS:
Vote the WHITE proxy card “FOR” USA Technologies' 9 experienced and highly qualified directors – Stephen P. Herbert; Steven D. Barnhart; Deborah G. Arnold; Joel Brooks; Albin F. Moschner; Frank A. Petito, III; Jack E. Price; William J. Reilly, Jr., and William J. Schoch.
DO NOT SIGN OR RETURN ANY CARD SENT TO YOU BY BRADLEY TIRPAK UNDER THE MONIKER S.A.V.E.
While Tirpak is trying to convince you otherwise, USA Technologies is executing well and moving quickly towards profitability. We are growing our business and seizing on our significant market opportunity. We have made substantial strides in enhancing corporate governance and shareholder communications and visibility. There is a new spirit of accountability at USA Technologies at every level of the company. Now is not the time for disruption or delay in achieving your company's business execution and strategy.
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