Proxy Advisory Firm ISS Recommends Stratus Shareholders Oppose Nominee Jim Leslie and Poison Pill
Friday, May 21, 2021 6:10PM IST (12:40PM GMT)
ISS Confirms Underperformance and Concern of Entrenchment
Oasis Urges Shareholders to Vote on the GOLD Proxy Card for the Oasis Nominees
Oasis Management Company Ltd. (“Oasis”) is manager to a fund that is a significant, long-term shareholder of Stratus Properties Inc. (NASDAQ: STRS) (the “Company” or “Stratus”) that beneficially owns over 13.5% of Stratus ordinary shares.
Oasis urges Stratus shareholders to vote on the
GOLD proxy card for the highly qualified and independent Oasis director nominees.
While Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, recommends shareholders “oppose the reelection of long-tenured incumbent James Leslie”, Oasis disagrees with ISS that the election of only one of Oasis’ nominees is sufficient change to the composition to t
Oasis Issues Letter to Stratus Shareholders in Response to False and Misleading Statements by Stratus
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Oasis Files Definitive Proxy Statement and Issues Letter to Stratus Shareholders
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Oasis Releases Investor Presentation Recommending Changes at Stratus Properties
Tuesday, March 2, 2021 9:50AM IST (4:20AM GMT)
Austin, Texas, United States:
Oasis presentation describes how overly tenured Board, poor corporate governance, and failure to execute on strategy have led to underperformance despite a booming Austin real estate market
Recommends a full portfolio review and increased asset churn to narrow Stratus’ discount to NAVOasis proposes new independent, diverse directors with real estate and public board experience that will hold management accountable and act in the best interests of all shareholders
Oasis intends to distribute a GOLD Proxy Card to Stratus shareholders
Full presentation at www.abetterstratus.com