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

Company: Match Group, Inc.
Filing Date: 2025-04-17
Form: PREC14A
Chunk 17
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 on previous occasions, the skill sets already reflected on the Board, including those of recently appointed directors Mr. Rascoff and Ms. Jones, and Mr. Gupta’s limited U.S. public company board experience. The Board further expressed doubt as to Mr. Gupta’s ability to represent the perspectives of the Company’s long-term shareholders noting Anson’s investment in the Company was very small and very

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recent when compared to the Company’s institutional investors and to the personal holdings of other directors on the Board.

On April 9, 2024, Mr. McInerney called Mr. Gupta to inform him of the determination not to appoint him to the Board and outlined the numerous considerations the Nominating Committee took into account when making this determination. During this call, among other topics, Mr. Gupta raised questions about why the Company maintained a classified board structure. Mr. McInerney explained that the Board had carefully evaluated this important aspect of the Company’s governance and considered a classified board to be appropriate for the Company at that time and consistent with practice for similarly situated, recently separated companies. Mr. McInerney also conveyed to Mr. Gupta that the Board regularly reviewed the Company’s governance and would always remain open to having further dialogue on declassification or other governance or operational matters and hoped to continue constructive engagement with Anson. Shortly thereafter, Mr. Gupta contacted the Company’s Interim Chief Legal Officer to request that counsel for the Company and the Board be put in contact with Schulte.

On April 10, 2024, representatives of Wachtell, Lipton, Rosen & Katz (“Wachtell Lipton”), as counsel for the Company and the Board, conferred with a representative of Schulte, during which call representatives of Wachtell Lipton indicated that the Company would soon need to file its preliminary proxy statement for a contested meeting if Anson were to continue to pursue its nomination of Mr. Gupta, which it had not made public. The representative of Schulte asked the representatives from Wachtell Lipton whether the Board would reconsider recommending to stockholders a proposal to declassify the Board at the 2024 annual meeting.

On April 11, 2024, representatives of Wachtell Lipton communicated to representatives of Schulte that the Board had determined its governance profile continued to be appropriate and consistent with the practice for similarly situated, recently separated companies

On April 12, 2024, Mr. Gupta