Activist Erez Asset Management Urges 'WITHHOLD' Vote for UMH Director Matthew Hirsch
UMH is trading near its 52-week low of $13.93 (9.2% above the low).
Summary
A major shareholder, Erez Asset Management, is campaigning for shareholders to withhold votes from Presiding Independent Director Matthew Hirsch at the upcoming annual meeting, citing long-term underperformance and governance issues.
Key Events · Ownership and Investor Activity · UMH
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Shareholder Activism
Erez Asset Management, holding approximately 4% of outstanding shares, is urging fellow shareholders to 'WITHHOLD' support for Presiding Independent Director Matthew I. Hirsch at the 2026 Annual Meeting.
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Governance Concerns Raised
Erez cites persistent underperformance, a significant valuation discount, and unacceptable governance, including inadequate board oversight and entrenched leadership, as reasons for their opposition.
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ISS Recommendation Highlighted
Erez notes that Institutional Shareholder Services (ISS) has also recommended withholding votes from Mr. Hirsch, as it has in his last three elections.
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History of Shareholder Dissent
In 2023, nearly 40% of votes cast withheld support from Mr. Hirsch, placing him in the bottom 1% of all directors elected at Russell 3000 companies, indicating prior significant shareholder dissatisfaction.
Analysis · UMH · Real Estate & Construction
Erez Asset Management, a significant 4% shareholder, is publicly challenging the re-election of Presiding Independent Director Matthew Hirsch at the upcoming annual meeting. Erez cites persistent underperformance, a significant valuation discount, and unacceptable governance as reasons. The campaign is strengthened by prior Institutional Shareholder Services (ISS) recommendations to withhold votes and a history of significant shareholder dissent against Hirsch, which could force board refreshment and strategic changes.
How filings like this one have moved
In the 30 days to Sep 20, 2026, 35% of the 1044 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.44%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, UMH was trading at $15.21 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $13.93 to $17.44. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.