We look forward to engaging with our fellow stockholders to earn their support for positive change at Trecora." Our highly qualified director nominees are well-suited to assess the options and opportunities available to the Company with a fresh perspective, and without a bias towards maintaining the status quo. With new experienced and independent directors in the boardroom, Trecora can address issues that have plagued performance, and begin building and unlocking intrinsic value over the near- and long-term, driven by organic growth, corporate finance solutions and strategic alternatives. Peter DeSorcy, Managing Member of Ortelius, provided the following comments: "After years of failures and shortcomings resulting in a vast destruction of stockholder value at Trecora, the Company’s Board and management team must be held accountable, and maintaining the status quo is no longer an option. However, Ortelius is deeply concerned by Trecora’s chronic undervaluation and disappointing performance, which Ortelius believes is mainly a result of operational missteps, poor capital allocation decisions and missed strategic opportunities, all of which are self-inflicted, causing stockholders to lose confidence in the Company’s Board and management team.
ORTELIUS CAPITAL FREE
Ortelius, Trecora’s largest stockholder, believes that the Company has significant upside potential based on its top-quality assets, favorable industry dynamics and considerable free cash flow generation capability. NEW YORK, April 04, 2022-( BUSINESS WIRE)-Ortelius Advisors, L.P., which collectively with its affiliates owns approximately 11.3% of the outstanding common stock of Trecora Resources (NYSE: TREC) ("Trecora" or the "Company"), today announced that it has filed preliminary proxy materials with the Securities and Exchange Commission in connection with the Trecora 2022 Annual Meeting of Stockholders (the "Annual Meeting").Ī copy of the preliminary proxy statement is available at.
ORTELIUS CAPITAL FULL
Reaffirms Need to Elect Directors that are Committed to Improving Company Performance and Exploring a Full Range of Alternatives to Unlock Shareholder Value
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