Barington Capital Group, owning approximately 1.9% of Matthews International (NASDAQ: MATW), has filed a definitive proxy statement nominating three directors - Ana B. Amicarella, Chan W. Galbato, and James Mitarotonda - for election to Matthews' Board at the 2025 Annual Meeting. The activist investor has outlined a four-step plan for long-term value creation, criticizing the current Board and CEO for share price underperformance, poor operational execution, capital allocation, and excessive spending. Barington notes that Matthews recently announced the sale of its SGK Brand Solutions segment, implementing one of Barington's recommendations, but claims this action was taken only after pressure from their potential proxy solicitation. Barington believes new directors with fresh perspectives and significant business experience are important for improving corporate governance, strategic focus, return on invested capital, and revenue growth.