Pitney Bowes holder Hestia releases presentation supporting its board candidates

Hestia Capital Management which is the third largest stockholder of Pitney Bowes and has a beneficial ownership position of 8.5% of the Company’s outstanding common stock, announced that it has issued a presentation that details the urgent need for boardroom change and opportunity for a sustainable, value-enhancing turnaround. Notably, Hestia’s director candidates have prepared a comprehensive six-pillar plan that targets a $15+ stock price in the coming years, which they believe will also help improve the Company’s credit profile. As a reminder, Hestia is seeking to elect five highly qualified and independent candidates to Pitney Bowes’ nine-member Board of Directors at the Annual Meeting of Stockholders on May 9. "To maximize the likelihood of a turnaround at Pitney Bowes, we urge you to vote for Hestia’s full slate on the WHITE universal proxy card or WHITE voting instruction form. Visit www.TransformPBI.com to download a copy of the presentation and sign up for future updates," noted the statement.