Radoff-JEC Group, 7.7% Holder, Pushes Board Changes at Seer
Bradley L. Radoff and Michael Torok, who together hold 7.7% of Seer, Inc. (NASDAQ: SEER), urged stockholders to vote for board changes today, citing a 97% share price decline since the December 2020 IPO [1].
Bradley L. Radoff and Michael Torok, together with affiliates known as the Radoff-JEC Group, who collectively own approximately 7.7% of Seer, Inc. (NASDAQ: ), urged stockholders on June 24 to vote for boardroom changes at the life sciences diagnostics company [1]. The group issued a statement accusing Seer's board of directors of destroying shareholder value while enriching company insiders.
The activists cited a 97.0% share price decline since Seer's December 2020 initial public offering as evidence of board failure [1]. The statement was issued as a call to action for stockholders to vote today, suggesting a proxy contest or annual meeting was underway.
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