Hestia Capital Highlights That Egan-Jones Joins ISS and Glass Lewis in Recommending Stockholders Vote FOR Meaningful Boardroom Change at Pitney Bowes

May 02, 2023

Hestia Capital Management, LLC (collectively with its affiliates, “Hestia” or “we”), which is the third largest stockholder of Pitney Bowes, Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”) and holds a 9.1% stake, today announced that all three independent proxy advisory firms – Egan-Jones Proxy Services (“Egan-Jones”), Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) – are recommending that the Company’s stockholders vote for meaningful boardroom change at the Company’s 2023 Annual Meeting of Stockholders (the “Annual Meeting”).¹ Notably, Egan-Jones is recommending that stockholders vote to elect all five of Hestia’s director candidates to the Company’s nine-member Board of Directors (the “Board”) at the Annual Meeting. Hestia’s five highly qualified and independent director candidates are Milena Alberti-Perez, Todd Everett, Katie May, Lance Rosenzweig and Kurt Wolf.

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