Company: MTCH
Filing Date: 2025-04-16
Form Type: PREC14A
Source: 0000902664-25-001820
Chunk: 8

Company: Match Group, Inc.
Filing Date: 2025-04-16
Form: PREC14A
Chunk 8
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 Board as the Board prefers the “benefits” of a classified board.

On April 10, 2024, Anson Funds’ external
counsel Eleazer Klein and Brandon Gold of Schulte Roth & Zabel LLP contacted the Company’s external counsel in effort to explore
whether the Board was interested in improving its corporate governance practices by declassifying the Board.

On April 11, 2024, the Company’s external
counsel responded that the Board was not willing to revisit its classified board structure.

On April 12, 2024, Anson Funds withdrew its
nomination notice in light of, among other reasons, the Board additions accomplished by Elliott and the Company’s commitment to
host an Investor Day event.

On May 7, 2024, the Company reported Q1 2024
results and issued Q2 2024 guidance below consensus expectations; the Company’s stock declined 5.4% during the subsequent trading
session.

On May 13, 2024, Mr. Gupta met virtually with
Mr. Swidler to discuss the Company’s continued underperformance, general diligence topics, and the need for urgent strategic and
operational improvements. Mr. Gupta also requested a meeting with the Board’s new directors, Mr. Rascoff and Ms. Jones.

On May 21, 2024, the Company informed Mr. Gupta
that it would not make any independent members of the Board available for an additional meeting.

On May 30, 2024, Mr. Gupta participated in a
group meeting with representatives of the Company at an investor conference.

On June 3, 2024, the Company filed a Form 8-K
disclosing that on June 2, 2024, Ms. Murdoch informed the Company of her decision to not stand for reelection at the 2024 annual meeting
of stockholders.

On June 21, 2024, the Company held its 2024
annual meeting of stockholders. At such meeting, Mr. Rascoff, Mr. Schiffman and Pamela Seymon were elected to the Board.

On July 16, 2024, another investor, Starboard
Value, filed a Schedule 13D and published a letter to the Board.

On July 30, 2024, the Company reported Q2 2024
results and issued Q3 2024 guidance ahead of consensus expectations; the Company’s stock increased 13.2% during the subsequent trading
session