Nano issues presentation highlighting ‘need’ to replace Stratasys board

Nano Dimension (NNDM) issued a detailed investor presentation highlighting Nano’s strategy to maximize value for Stratasys (SSYS) shareholders and the failings of the current Stratasys Board of Directors. Nano Dimension urges Stratasys shareholders to vote “FOR” the nominees proposed by Nano Dimension at Stratasys’ Annual General Meeting to be held on August 8th, 2023, in order to “replace the majority of the Stratasys Board with candidates who have a strong track record of creating value at public companies and will bring the perspective of ALL Stratasys shareholders to the Board,” the company said. Highlights from the presentation include: “Stratasys’ Board Has Fundamentally Failed Shareholders Through Its Value Destructive Actions and Has Breached Its Fiduciary Duty. Stratasys’ Board has been responsible for significant value destruction and has fundamentally breached its fiduciary duty to maximize shareholder value… The Entrenched Board is Over-tenured, Leading to Conflicted Decision Making and Ineffective Oversight… Stratasys’ Board Seeks to Destroy Further Value Through Ill-Conceived Desktop Metal Deal or Inflated 3D Systems (DDD) Transaction… The Additive Manufacturing Sector Needs Consolidation Which Nano’s Team is Poised to Lead Through Diligent Capital Stewardship … Nano’s Slate of Nominees Have a Strong Track Record of Value Creation and Will Bring a Fresh Perspective in the Interest of ALL Stratasys Shareholders to the Stratasys Board of Directors… Nano is Committed to an Open, Unbiased Strategic Review and Immediate Action for a Sound Process in the Interest of All Shareholders”