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Matthews International, Barington Capital Reach Deal, Avoid Proxy Battle

On Jan. 15, 2026, Matthews International Corporation and Barington Capital reached an agreement under which Barington will withdraw its director nominations, a Pittsburgh press release stated.
Following ongoing strategic discussions, Matthews reported that multi-year engagement yielded insights used to refine its strategic initiatives, with Joseph C. Bartolacci noting the focus on long-term shareholder value.
Advisors confirmed include J.P. Morgan Securities LLC and Sidley Austin LLP for Matthews, with Olshan Frome Wolosky LLP representing Barington; Barington agreed to standstill provisions, and documents will appear on the SEC website and Matthews' investor website.
Matthews will file and mail a definitive proxy statement and WHITE proxy card, and the full agreement will be disclosed in a Current Report on Form 8‑K filed with the U.S. Securities and Exchange Commission.
Matthews, with over 5,400 employees in 19 countries, operates through Industrial Technologies and Memorialization segments, while Barington, led by James A. Mitarotonda, seeks shareholder value improvements.

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