Company: MTCH
Filing Date: 2025-04-16
Form Type: PREC14A
Source: 0000902664-25-001820
Chunk: 13

Company: Match Group, Inc.
Filing Date: 2025-04-16
Form: PREC14A
Chunk 13
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 to provide stockholder input;
Mr. McInerney declined both requests. Mr. McInerney then claimed that the Anson Funds Nominees were unqualified and expressed
concern that Mr. Gupta had only recently met and recruited the Anson Funds Nominees upon hiring an independent external search firm
in recent months and therefore lacked an extensive history or working relationships. Specifically, Mr. McInerney stated, “You
don’t know these people. They’re not people you’ve worked with and know deeply.” Mr. Gupta responded,
“That’s the idea – we care about independence.” Mr. Gupta then informed Mr. McInerney that Anson
Funds’ selection and assessment process was purposefully designed to ensure both quality and independence, and that he remains
concerned with the corporate governance practices of the Board and its overall composition. Mr. McInerney proceeded to share
feedback on each Anson Funds Nominee, which in our view included highly inaccurate descriptions of their backgrounds and experiences. Mr.
McInerney also stated that Mr. Gupta’s potential candidacy as a stockholder representative was unnecessary as Mr. McInerney
claimed to be a stockholder representative himself, along with other directors. (Notably, Mr. McInerney has never purchased any
Company securities in the open market.) Mr. McInerney also stated that the Board wanted to remain classified and said “at the
moment, it’s the right structure.”

Later on March 28, 2025, Mr. Gupta emailed Mr.
McInerney to request a follow-up discussion. During a call with Mr. McInerney shortly thereafter, Mr. Gupta proposed that that the Board
should appoint an Anson Funds Nominee in addition to the candidate identified by the Board. In addition, Mr. Gupta recommended that the
size of the Board expand from ten to eleven following these two director appointments, and that the Board immediately take steps towards
declassification. Mr. Gupta reiterated concerns regarding the corporate governance practices of the Board. Mr. McInerney stated he was
not seeking a counterproposal, and personally did not believe additional changes were needed, but would share Mr. Gupta’s framework
with the rest of the Board.

On April 1, 2025, Anson Funds’ external
counsel Eleazer Klein and Brandon Gold of Schulte Roth & Zabel LLP sent a letter on behalf of Anson Funds to the Company requesting