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Latest CLI News From Around the Web
Below are the latest news stories about Mack Cali Realty Corp that investors may wish to consider to help them evaluate CLI as an investment opportunity.
Q1 2020 Mack-Cali Realty Corp Earnings Call
Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today issued the following statement in response to the reports issued by Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") in connection with the Company's Annual Meeting of Stockholders scheduled for June 10, 2020 (the "Annual Meeting").
Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that its recently elected, independent incumbent directors, Lisa Myers, Laura Pomerantz and Rebecca Robertson, have mailed a letter to shareholders. In the letter, the directors highlight the Mack-Cali Board's open-minded, thoughtful and unwavering commitment to advancing shareholders' interests and express their collective belief that Mack-Cali has the right Board and management team to lead a new day at Mack-Cali and oversee the successful execution of Mack-Cali's transformation strategy. The letter also outlines the significant actions taken by the Board in the last year in response to shareholder feedback to position the Company to maximize shareholder value, including the Board's continued self-...
Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") announced today that, due to the public health concerns associated with the ongoing coronavirus outbreak ("COVID-19") and to support the health and well-being of its stockholders, the location of the Company's 2020 Annual Meeting of Stockholders (the "Annual Meeting") has been changed. The previously announced date and time of the Annual Meeting (Wednesday, June 10, 2020 at 12:00 p.m., Eastern Time) will not change. However, the Annual Meeting will be held solely by remote communication, in a virtual-only format, and stockholders will not be able to attend the Annual Meeting in person at a physical location. As described in the proxy materials previously distributed by the Company in connection with the Annual Meeti...
Mack-Cali Realty Corporation (NYSE: CLI) ("Mack-Cali" or the "Company") today announced that it has mailed a letter to shareholders to outline the numerous steps the Mack-Cali Board of Directors has taken to welcome and work collaboratively with the directors elected following Bow Street Special Opportunities Fund XV, LP and certain of its affiliates' ("Bow Street") 2019 proxy contest. The letter also corrects the false claims Bow Street has attempted to use as grounds for their campaign for control of Mack-Cali and highlights the Bow Street nominees' conflicts of interest and affiliations with Bow Street, which call into question the nominees' ability to act as independent directors.
Statement from Independent Mack-Cali Board Members Alan Batkin, Frederic Cumenal, MaryAnne Gilmartin, and Nori Gerardo Lietz
When shareholders elected us to the Mack-Cali Board nearly a year ago, we looked forward to working collaboratively with the incumbent Directors to make thoughtful, strategic decisions in the best interests of the Company and its shareholders. Since then, despite our consistent efforts to serve as shareholder advocates, and offer new, truly independent perspectives on value creation, we have been excluded from strategic discussions and decision making. We were relegated to committee positions that were designed to be uninfluential, in a coordinated effort by CEO Michael J. DeMarco and lead independent director Alan Bernikow, to minimize our impact. Simply put, our views have been unwelcome and concerns we have raised were consistently ignored.
(Bloomberg) -- Four Mack-Cali Realty Corp. directors elected last year after a proxy fight with one of the company’s largest investors are going public with claims their views are being ignored as another boardroom battle comes to a head.The foursome is taking the unusual step of issuing a rebuke of the board’s old-guard majority, arguing they are disregarding concerns about the strategic direction of the real estate investment trust.Mack-Cali is again in the midst of a proxy fight with Bow Street LLC, which owns a 4.9% stake in the company. The four directors elected with Bow Street’s backing after lengthy proxy fight last year are joining a new slate of eight directors being nominated by the dissident shareholder, who is seeking to replace the bulk of the board.“Mack-Cali has dismisse...
Mack-Cali Realty Corporation (NYSE: CLI) (the "Company" or "Mack-Cali") today announced that Michael J. DeMarco, Chief Executive Officer of Mack-Cali, has been invited to serve on New Jersey's Restart & Recovery Advisory Council. The council was formed by New Jersey Governor Phil Murphy to advise state leadership on economic matters impacted by the COVID-19 pandemic. In addition to focusing on issues related to the restarting of businesses in New Jersey, the council will also work on a framework to facilitate the long-term growth of the state's economy.
Mack-Cali (CLI) registers same-store cash NOI growth in Q1 but withdraws current-year outlook on the coronavirus crisis.
Mack-Cali Realty Corp on Thursday named five new director candidates and said investment firm Bow Street Capital's plan to seize control of its board puts the real-estate investment trust at "tremendous risk" during the coronavirus outbreak. The new nominees are Jamie Behar, Michael Berman, Howard Roth, Gail Steinel and Lee Wielansky. Mack-Cali took the unusual step of not renominating four directors who were elected to the board last year after having been nominated by Bow Street.