Company: MTCH
Filing Date: 2025-04-17
Form Type: PREC14A
Source: 0000891103-25-000047
Chunk: 16

Company: Match Group, Inc.
Filing Date: 2025-04-17
Form: PREC14A
Chunk 16
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 to Schulte on March 13, 2024.

On March 14, 2024, news outlets reported that Anson had taken a position in the Company and planned to pursue changes to the Company’s Board. The reports further indicated that Anson had met with the Company’s Board and management.

On March 18, 2024, Mr. Schiffman and Ms. Shelburne spoke with Mr. Gupta. During the meeting, Mr. Gupta reiterated a number of high-level views on the Company’s portfolio strategy and also emphasized his desire to see refreshment on the Company’s Board. Mr. Schiffman noted he would pass along Mr. Gupta’s feedback to the other members of the Board and to the Nominating Committee.

On March 21, 2024, Mr. Gupta told Ms. Shelburne during a telephone call that Anson intended to submit a director nomination notice proposing himself as a candidate. Representatives of Schulte emailed the Company’s Chief Business Affairs and Legal Officer later that day to submit the notice nominating Mr. Gupta to the Company’s Board. The notice disclosed beneficial ownership of approximately $14 million of the Company’s shares based on the closing trading price on that day (representing approximately 0.1% of the Company’s outstanding shares).

On March 25, 2024, the Company issued a press release announcing the appointment of two additional directors, Spencer Rascoff and Laura Rachel Jones, to the Board. The Company stated that the board refreshment followed constructive engagement with Elliott Investment Management L.P. (“Elliott”) and that the Company had entered into an information sharing agreement with Elliott. The Company also announced its intention to hold an investor day.

On April 1, 2024, the Company and Mr. Gupta coordinated a time for Mr. Gupta to be interviewed by the Nominating Committee.

On April 3, 2024, members of the Nominating Committee interviewed Mr. Gupta as a nominee for the Board. The Company’s Interim Chief Legal Officer attended the interview as well. Over the following days members of the Nominating Committee conferred with each other and the other directors on the Board. The Nominating Committee ultimately concluded that Mr. Gupta did not have the qualifications, skills or expertise that would be additive to the Board. In arriving at this decision the Nominating Committee took into account, among other things, feedback from the interview with Mr. Gupta, feedback from the management and Board members who met with Mr. Gupta