The Radoff-JEC Group Issues Letter to Fellow Seer, Inc. Stockholders Correcting the Company’s Blatant Rewriting of History
The Radoff-JEC Group, owning approximately 7.7% of Seer, issued a letter to stockholders urging them to vote for three independent director nominees ahead of the July 28 annual meeting. The activist group claims the current Board has overseen a 97% decline in total shareholder return since the IPO, cumulative losses exceeding $465 million, and questionable independence among several directors.
Key figures
- Tsr since ipo
- -97.0%
- Ceo share sales
- $103 million
- Total cash burn
- $310.8 million
- Cumulative losses
- $465 million
- Ownership percentage
- 7.7%
- Proposed premium low
- 33%
- Proposed premium high
- 42%
- Ceo total compensation
- $36.5 million
AI analysis
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