Benzinga | Oct 5, 2021 12:41PM EDT

Rocky Mountain Shareholder AB Value Urges Shareholders To Vote FOR Firm's 4 Board Nominees

Urges Shareholders to Vote Today "FOR" All Four of the Concerned Shareholders of Rocky Mountain's Highly-Qualified Nominees -- Andrew T. Berger, Mark Riegel, Sandra Elizabeth Taylor and Rhonda J. Parish

WESTFIELD, N.J.--(BUSINESS WIRE)-- AB Value Management LLC (collectively with its affiliates, "AB Value"), and the other participants in this solicitation (collectively with AB Value, the "Concerned Shareholders of Rocky Mountain") representing approximately 14.70% of the outstanding shares of Rocky Mountain Chocolate Factory, Inc. (the "Company"), remind shareholders to vote the BLUE card today:

* "FOR" the Concerned Shareholders of Rocky Mountain's slate of highly-qualified candidates, consisting of Andrew T. Berger, Rhonda J. Parish, Mark Riegel, and Sandra Elizabeth Taylor. They have the experience and qualifications to implement positive change and best-in-class corporate governance at the Company; and

* "FOR" the "Poison Pill Redemption Proposal" to request that the Company's Board of Directors (the "Board") not adopt or extend any poison pill, unless submitted to a shareholder vote within 12 months of such adoption or extension.

Both Institutional Shareholder Services, Inc. ("ISS") and Glass Lewis & Co. have recognized the need for change at the Company and recommended that shareholders vote the BLUE proxy card and, despite the Board's desperate last-minute decision to terminate the Company's shareholder-unfriendly poison pill following AB Value's years of advocating for its redemption, ISS reaffirmed its recommendation in favor of the Concerned Shareholders of Rocky Mountain.1

The Concerned Shareholders of Rocky Mountain urge shareholders to follow the recommendations of ISS and vote today "FOR" the Concerned Shareholders of Rocky Mountain's four highly qualified, independent nominees--Andrew T. Berger, Mark Riegel, Sandra Elizabeth Taylor and Rhonda J. Parish--and "FOR" the Poison Pill Redemption Proposal on the BLUE proxy card today and discard any white proxy card received from the Company!