Filing from CONMED Shows Letter from Chair to Daniel Plants of Voce Capital, Responds to Firm's Offer to Withdraw Nominees
Mark Tryniski, Chairman of the Board of Directors (the “Board”) of CONMED Corporation (“CONMED”), today sent an email to J. Daniel Plants, Managing Partner of Voce Capital Management LLC (“Voce”), in response to a press release issued by Voce today at 9:05 a.m. ET regarding Voce's offer to withdraw its three director nominees for election at CONMED's 2014 Annual Meeting of Shareholders in exchange for the appointment of two Voce director nominees, James W. Green and Joshua H. Levine, to the Board, among other terms.
Following is a copy of the email that Mr. Tryniski sent to Mr. Plants:
August 26, 2014
I was surprised to see your press release cross the wire this morning at 9:00am ET. In your email to me at 9:30am ET yesterday you asked for a response within 24 hours. It's unfortunate you did not give me the courtesy of the 24 hours before issuing a misleading press release regarding CONMED and our intentions. I have been in the process of reaching out to my Board to review your proposal, which is substantially similar to your offer of July 25th and disproportionate to your less than .50% ownership. Before you began this disruptive and time consuming proxy contest, we had offered to bring one of your nominees on to the Board.
Our leaders are focused on execution to improve CONMED's performance and create long-term value for all shareholders.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.