Company: MTCH
Filing Date: 2025-04-04
Form Type: DFAN14A
Source: 0000902664-25-001696
Chunk: 3

Company: Match Group, Inc.
Filing Date: 2025-04-04
Form: DFAN14A
Chunk 3
---
 have only considered this necessary step under extreme shareholder pressure, albeit with an incrementalist
approach and little genuine desire to collaborate with stockholders. This entrenched behavior has continued despite ongoing underperformance,
prompting Anson Funds to take the extraordinary measure of nominating multiple highly qualified and independent directors for election
at Match’s 2025 Annual Meeting of Stockholders – Fumbi Chima, Laura Lee, and Kelley Morrell. Please refer to the appendix
for the biographies of each.

To be clear – this is not a fight we asked
for nor conduct lightly. Our attempts to bring fresh perspective and relevant expertise to the Board for the benefit of MTCH stockholders
in a private and constructive manner have been met with great resistance. It is deeply unfortunate that the Board is quick to change
leadership yet unwilling to collaborate with stockholders to change itself. The essence of the Board’s anti-stockholder culture
was well articulated in an independent analysis by Boardroom Alpha:

Based on track record, it’s clear that the current board is stagnant and unable to change the course of Match, so existing shareholders should welcome Anson’s fight to change board members at the next election.

Ideally, Match’s board will see the need for change itselfand work with shareholders to refresh the board, governance, and hopefully chart a new course for performance. If it goes to a contested proxy, shareholders may still win, but the board will have spent shareholder dollars trying to stop changes that are obviously needed.

The Board’s composition comprises of primarily
long-tenured directors with direct interlockings and deep ties to IAC, including former CEO Shar Dubey despite her being vastly overpaid
for incredibly poor execution and a significant capital allocation blunder while she was CEO under the Board’s watch. We have summarized
the staggering, decades-long interlockings of Match directors below, which we believe clearly visualizes the utter lack of independence
and accountability at Match.

We are Deeply Disturbed by the Match Board’s Numerous Decades-Long Interlockings

We believe all Match stockholders, employees,
and consumers deserve a truly independent Board comprised of highly qualified directors with diverse perspectives and qualifications.
After numerous attempts to constructively engage with the Board, we have been left with no choice but to publicly pursue refreshment through
replacement and will further detail the Board’s corporate governance shortcomings and need for urgent change over the course of
our campaign.

As always, should the Board have a bona fide
interest in working towards a resolution,