NEW YORK--(BUSINESS WIRE)--Bow Street LLC ("Bow Street"), a New York-based investment firm that beneficially owns approximately 4.5% of the outstanding shares of common stock of Mack-Cali Realty Corporation (“Mack-Cali” or the “Company”) (NYSE: CLI), today announced that based on proxies submitted to the independent Inspector of Election for Mack-Cali’s 2019 Annual Meeting of Shareholders, preliminary results indicate that Mack-Cali shareholders have overwhelmingly elected Bow Street’s nominees Alan Batkin, Frederic Cumenal, MaryAnne Gilmartin and Nori Gerardo Lietz to the Mack-Cali Board of Directors (the “Board”).
Akiva Katz and Howard Shainker, Managing Partners of Bow Street, said, “Shareholders have spoken loudly and presented the Company with a clear mandate for change. Now, the real work begins. Alan, Frederic, MaryAnne and Nori are excited to roll up their sleeves and work alongside their fellow directors to ensure that a robust strategic alternatives process leaves no stone unturned in creating meaningful value for all shareholders. We have no doubt that with truly independent directors and renewed oversight in the boardroom, Mack-Cali shareholders will finally reap the long-overdue benefits of their investment. The positive governance changes Mack-Cali announced today are the direct result of the unwavering determination of shareholders to hold the Board accountable. We thank all shareholders for their overwhelming support.”
About Bow Street LLC
Founded in 2011, Bow Street is a New York-based investment manager that partners with institutional investors and family offices globally to invest opportunistically across public and private securities.