Notably, Ancora Holdings Group, LLC announced it has redeemed its investment in a special purpose vehicle managed by Hestia Capital Management to directly hold shares of Pitney Bowes, expressing continued confidence in the company's leadership. Additionally, Kurt Wolf, previously with Hestia Capital Management, has taken over as CEO of Pitney Bowes, after securing a position on the company's board in 2023. Ancora Holdings credited Wolf with driving significant initiatives such as cost reductions and the divestiture of the Global Ecommerce unit. The company has also seen shareholder support for its executive compensation plans and the appointment of PricewaterhouseCoopers LLP as its independent registered public accounting firm for 2025. These developments reflect significant changes and strategic initiatives at Pitney Bowes, indicative of its current trajectory and investor confidence.