Walter Energy, Inc. on April 5, filed a presentation with the Securities and Exchange Commission that it used in a meeting with the proxy advisory service Institutional Shareholder Services Inc. and will be using with Walter Energy shareholders in advance of its Annual Meeting to be held on April 25, 2013.
The presentation discusses in detail the Company’s track record of increasing shareholder value over time, its strategies to improve performance, and its progress in positioning itself for expected improvements in the metallurgical coal market. Audley Capital, an activist offshore hedge fund led by Julian Treger owning less than one-tenth of 1% of Walter Energy, is seeking effective control of the Board by replacing five of nine independent directors and disrupting the Company’s progress on key initiatives that are underway.
Please refer to the investor relations section of the Walter Energy website for the full presentation.
Walter Energy is the world's leading, publicly traded "pure-play" metallurgical coal producer for the global steel industry with strategic access to high-growth steel markets in Asia, South America and Europe. The Company also produces thermal coal, anthracite, metallurgical coke and coal bed methane gas. Walter Energy employs approximately 4,100 employees and contractors with operations in the United States, Canada and United Kingdom. For more information about Walter Energy, please visit www.walterenergy.com.
Source: Walter Energy, Inc.
- Mine Feasibility Study for Downstream Energy Industries in Indonesia
- New Road Work for Lane in Texas project
- Turner and Flatiron to build new Terminal at San Diego International Airport
- Outokumpu – Change in Outokumpu’s Leadership Team
- HYBRIT: SSAB, LKAB and Vattenfall to start up the world’s first pilot plant for fossil-free steel