Activist Erez Asset Management Urges 'WITHHOLD' Vote for UMH Director Matthew Hirsch

summarizeSummary

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.

check_boxKey Events

• 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.

• 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.

• 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.

• 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.

auto_awesomeAnalysis

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.