PR Newswire
EL SEGUNDO, Calif., May 27, 2022
EL SEGUNDO, Calif., May 27, 2022 /PRNewswire/ -- Eileen P. Drake (the CEO of Aerojet Rocketdyne (NYSE: AJRD) today issued the following statement addressing Executive Chairman and Conflicted Stockholder Warren Lichtenstein's recent commentary:
"The claims in Mr. Lichtenstein's recent press release would be laughable and comically misleading, but for the fact they are part of a distracting and value-destroying proxy fight combined with scorched-earth litigation tactics that he and his hedge fund (Steel Partners) initiated in late January and continue to pursue to this day, all to advance his personal agenda and financial gain to the detriment of the Company and its stockholders. His litany of misguided rantings include:
"As Mr. Lichtenstein said, the record speaks for itself."
Important Information
This communication is being sent in Ms. Drake's individual capacity, and not on or behalf of Aerojet Rocketdyne, Inc (the "Company"). No Company resources were used in connection with these materials. Eileen P. Drake, General Kevin Chilton, USAF (Ret.), General Lance Lord, USAF (Ret.) and Thomas Corcoran (the "Incumbent Directors") have filed a preliminary proxy statement with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies at a special meeting of stockholders of the Company to be held on June 30, 2022. The Incumbent Directors will furnish the definitive proxy statement to its stockholders, together with a WHITE proxy card shortly.
STOCKHOLDERS ARE STRONGLY ADVISED TO READ THE PRELIMINARY STATEMENT BECAUSE IT CONTAINS IMPORTANT INFORMATION. Shareholders may obtain a free copy of the proxy statement, any amendments or supplements to the proxy statement and other documents that the Incumbent Directors file with the SEC from the SEC's website at www.sec.gov. The Incumbent Directors, together with Gail Baker, Marion Blakey, Charles Bolden and Deborah Lee James, may be deemed participants in the solicitation of proxies from stockholders. Information about the participants is set forth in the preliminary proxy statement filed by the Incumbent Directors on May 20, 2022.
Contact:
D.F. King & Co., Inc.
Edward T. McCarthy / Tom Germinario
AJRD@dfking.com
Committee's Website:
https://maximizeajrdvalue.com/
View original content:https://www.prnewswire.com/news-releases/aerojet-rocketdyne-ceo-comments-on-executive-chairman-warren-lichtensteins-latest-rantings-301556651.html
SOURCE Committee for Aerojet Rocketdyne Shareholders and Value Maximization
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