Science & Technology
Science and Technology
Science and Technology
Tue, April 12, 2011
Mon, April 11, 2011
Elliott Nominees a" The Best Opportunity for Iron Mountain Shareholders
NEW YORK--([ BUSINESS WIRE ])--Elliott Management Corporation, the beneficial owner of slightly under 5% of Iron Mountain Incorporateda™s common stock (NYSE: IRM) (aIron Mountaina), on behalf of the funds that it manages (aElliotta), today filed a presentation with the SEC, which can be viewed [ here ].
In this presentation, Elliott details its 100-Day Plan to fully explore all paths to creating shareholder value at IRM. Specifically, the plan calls for the formation of a Special Committee to engage in a full strategic review and for the Board to update shareholders upon its conclusion. We urge shareholders to vote for Elliotta™s independent and highly qualified nominees, who are committed to maximizing value and putting IRM back on track.
On March 9th 2011, Elliott proposed four new Board members and sent a letter to IRMa™s Board which can be viewed [ here ] and filed a presentation with the SEC which can be viewed [ here ]. On April 4th 2011, Elliott sent a follow up letter to IRMa™s Board raising questions about recent actions inconsistent with our shared goal of maximizing shareholder value, which can be viewed [ here ].
About Elliott Management Corporation
Elliott Management Corporation oversees two funds, Elliott Associates, L.P. and Elliott International, L.P., that have more than $16.8 billion of assets under management. Founded in 1977, Elliott is one of the oldest private investment firms of its kind under continuous management. The Elliott fundsa™ investors include large institutions, college and charitable endowments, family offices, and friends and employees of the firm.
Additional Information
Elliott intends to make a filing with the Securities and Exchange Commission of a proxy statement and an accompanying proxy card to be used to solicit proxies in connection with the 2011 Annual Meeting of Stockholders (including any adjournments or postponements thereof or any special meeting that may be called in lieu thereof) (the a2011 Annual Meetinga) of Iron Mountain Incorporated (the aCompanya). Information relating to the participants in such proxy solicitation is contained in the preliminary proxy statement filed by Elliott with the Securities and Exchange Commission and in amendments to such preliminary proxy statement. Stockholders are advised to read the definitive proxy statement and other documents related to the solicitation of stockholders of the Company for use at the 2011 Annual Meeting when they become available because they will contain important information, including additional information relating to the participants in such proxy solicitation. When completed and available, Elliotta™s definitive proxy statement and a form of proxy will be mailed to stockholders of the Company. These materials and other materials filed by Elliott in connection with the solicitation of proxies will be available at no charge at the Securities and Exchange Commissiona™s website at [ www.sec.gov ]. The definitive proxy statement (when available) and other relevant documents filed by Elliott with the Securities and Exchange Commission will also be available, without charge, by directing a request by mail or telephone to MacKenzie Partners, Inc., 105 Madison Avenue, New York, New York 10016 (call collect: 212-929-5500; call toll free: 800-322-2885).
