MENTOR, Ohio, June 16, 2016 /PRNewswire/ -- The Committee to Re-Energize Gas Natural announced today that it has begun mailing its proxy statement in connection with the 2016 Annual Meeting of Shareholders of Gas Natural Inc. In its proxy materials, the Committee proposes to elect six director candidates to replace the current Board of Directors.
The Committee, which was formed by Richard M. Osborne, Sr., the former Chairman and CEO of Gas Natural, also issued the following statement:
Since I departed from the Gas Natural Board in 2014, Gas Natural's financial performance has suffered significantly and its dividend payment to shareholders was cut by almost 45%, yet executive compensation has soared. The Committee urges shareholders to review the Committee's proxy statement for a complete discussion of the Committee's concerns with the management of the Company. The Committee seeks the shareholders' help to hold management and the current board responsible for the Company's declining financial performance at the upcoming annual meeting.
Vote for the Committee's highly-qualified director candidates on the WHITE proxy card.
If you have any questions, require assistance in voting your WHITE proxy card, or need additional copies of the Committee's proxy materials, please contact the Committee's proxy solicitor, Georgeson LLC, at its toll-free number (888) 219-8320 or at ReEnergizeEgas@Georgeson.com. You may also download copies of the Committee's proxy materials, as well as review related information, at www.ReEnergizeEgas.com.
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SOURCE The Committee to Re-Energize Gas Natural