Aerojet Rocketdyne Executive Chairman Warren Lichtenstein and CEO Nominee Mark Tucker Shareholder Presentation

0

NEW YORK–(BUSINESS WIRE)–Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) (“Aerojet Rocketdyne” or the “Company”) Warren Lichtenstein, Executive Chairman, who, collectively with its affiliates and participants in its solicitation, owns approximately 5.6 % of the Company’s outstanding shares, today released a presentation that details the case for new leadership after approximately 18 months of financial and operational deterioration. The presentation, available at www.SaveAerojet.com/resources, includes CEO candidate Mark Tucker’s vision and strategy. As a reminder, Mr. Lichtenstein invites shareholders to vote on the GREEN proxy card to elect his renewed slate of eight, which includes himself, Mr. Tucker and six other candidates: Hon. Tina Jonas, Joanne Maguire, Aimee Nelson, Martin Turchin, Vice Admiral Mathias Winter and Heidi Wood.

Please note that Messrs. Lichtenstein and Tucker will host a conference call/webcast on Friday, June 10e at 8:30 a.m. EST to discuss the path to increased value. The call, which will include a Q&A section, can be accessed here. A recording and all additional information will be available at www.SaveAerojet.com/resources.

CLICK HERE TO REGISTER FOR THE FRIDAY MORNING CALL/WEBCAST

Forward-looking statements

This press release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Steel Partners Holdings LP’s (“SPLP”) undertaking current expectations and projections regarding its future results, performance, prospects and opportunities. SPLP identifies these forward-looking statements by using words such as “may”, “should”, “expect”, “hope”, “anticipate”, “believe”, “intend”, “plan”, “estimates”, “will” and similar expressions. These forward-looking statements are based on information currently available to SPLP and are subject to risks, uncertainties and other factors that could cause its results, performance, prospects or actual opportunities differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the adverse effects of the COVID-19 pandemic on the business, results of operations , financial condition and cash flows of SPLP; material weaknesses in SPLP’s internal control over financial reporting; fluctuations in the prices of crude oil and other raw materials; the needs of substantial cash funding that may be required in the future due to the sponsorship by certain SPLP subsidiaries of defined benefit pension plans; significant costs, including remediation costs, resulting from compliance with environmental laws or failure to comply with other significant regulations, including banking regulations; the impact of climate change legislation or regulation limiting greenhouse gas emissions on the costs and demand for SPLP’s services; impacts on SPLP’s liquidity or financial position as a result of legislative and regulatory measures; SPLP’s ability to maintain sufficient operating or financing cash flow to meet its obligations under its senior credit facility; the risks associated with SPLP’s commercial acquisition strategy; losses incurred in SPLP’s investment portfolio; the impact of interest rates on the SPLP’s investments, such as increasing interest rates or the use of a SOFR-based interest rate in the SPLP’s credit facilities; reliance on intellectual property owned by others and SPLP’s ability to protect its own intellectual property and licenses; risks associated with conducting operations outside of the United States, including changes in business policies and costs or acquisition limits for materials and products used in SPLP’s operations; litigation risks; impacts on SPLP’s WebBank business due to the highly regulated environment in which it operates, as well as the risk of litigation regarding the processing of PPP loans and the risk that the SBA will not fund all or part of the loan guarantees PPP; the potentially disruptive impacts of economic downturns in various industries; loss of customers by SPLP subsidiaries due to non-compliance with long-term contracts with customers; risks relating to key members of SPLP’s management and the management team; the commitment of the SPLP to indemnify its manager in accordance with its management contract, which may encourage the manager to take unnecessary risks; the risks associated with SPLP’s Common and Preferred Units, including potential price reductions to current Unitholders if additional Common or Preferred Units are issued, as well as the lack of an active market for SPLP’s Units in due to transfer restrictions contained in SPLP’s partnership agreement; the ability of SPLP subsidiaries to fully utilize their tax benefits; impacts resulting from changes in tax rates, laws or regulations, including US government tax reform; work disruptions as a result of a U.S. federally mandated vaccine. These statements involve significant risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements. Investors should carefully read the factors described in the “Risk Factors” section of SPLP’s filings with the SEC, including SPLP’s Form 10-K for the fiscal year ended December 31, 2021, for information about risk factors that may affect SPLP results. Any forward-looking statements made in this press release speak only as of the date hereof. Except as otherwise required by law, SPLP undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

Share.

Comments are closed.