MEQUON, Wis., April 24, 2019 /PRNewswire/ -- Global Value Investment Corp. (GVIC), a value-oriented investment research and advisory firm located in Mequon, Wisconsin, today nominated four highly qualified, independent candidates for election to the board of directors of Bristow Group, Inc. (NYSE: BRS).
GVIC's nominees are Sten Gustafson, Jonathan Meretsky, Anthony Gray, and Jeffrey Geygan.
Mr. Gustafson, who served as Era Group Inc.'s CEO from 2012 to 2014, and as a director at CHC Helicopter from 2017 to 2019, has a proven track record of driving earnings, achieving operational efficiencies, and deleveraging the balance sheet. Mr. Meretsky has extensive experience structuring and negotiating complex financing for multi-national enterprises in the transportation and petroleum sectors. Mr. Gray is a recognized leader in the fields of compliance and ethics, and was formerly the Global Compliance Officer at Sikorsky Aircraft Corporation. Mr. Geygan is President and CEO of GVIC and specializes in financial analysis and operational turnaround situations.
"Bristow's current directors have overseen a remarkable destruction of value," said Mr. Geygan. "Improvements at Bristow are long overdue. We are confident that our nominees – who include Sten Gustafson, the former CEO of Era and a former director at CHC – possess the operational and strategic expertise to make substantial and immediate contributions toward improving Bristow for the benefit of all shareholders."
GVIC is a long-term shareholder of Bristow. GVIC has made numerous attempts to engage with Bristow's management and board of directors, but these requests have been ignored. Therefore, GVIC believes the most effective manner in which to bring about change and protect the interests of shareholders is through the replacement of incumbent directors.
An open letter to Bristow's shareholders, which details the history of mismanagement and inadequate oversight by Bristow's board, can be found on GVIC's website: https://www.gvi-corp.com/category/press-releases/.
Additional Information and Where to Find It
Global Value Investment Corp. ("GVIC"), Sten Gustafson, Jonathan Meretsky, Anthony Gray, Jeffrey Geygan and James Geygan are participants in the solicitation of proxies from shareholders of Bristow Group Inc. ("Bristow") in connection with Bristow's 2019 Annual Meeting of Shareholders (the "Annual Meeting"). GVIC intends to file a proxy statement (the "Proxy Statement") with the Securities and Exchange Commission (the "SEC") in connection with the solicitation of proxies for the Annual Meeting.
GVIC is the beneficial owner of 245,940 shares of Bristow's common stock. Messrs. Jeffrey Geygan and James Geygan, by virtue of their position as President and Chief Executive Officer and as Vice President, respectively, of GVIC may each be deemed to be the beneficial owner of the shares of Bristow common stock beneficially owned by GVIC. In their respective personal capacities, Mr. Jeffrey Geygan owns 14,910 of these shares and Mr. James Geygan owns 2,295 of these shares. Mr. Meretsky is the beneficial owner of 65,602 shares of Bristow's common stock, and Messrs. Gray and Gustafson do not own any shares. Additional information regarding such participants, including any other direct or indirect interests, by security holdings or otherwise, will be included in the Proxy Statement and other relevant documents to be filed by GVIC with the SEC in connection with the Annual Meeting.
Promptly after filing its definitive Proxy Statement with the SEC, GVIC will mail its definitive Proxy Statement and a WHITE proxy card to each shareholder entitled to vote at the Annual Meeting. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT GVIC WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain, free of charge, the Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by GVIC with the SEC in connection with the Annual Meeting at the SEC's website (http://www.sec.gov). Copies of GVIC's definitive Proxy Statement, any amendments or supplements thereto and any other relevant documents filed by GVIC with the SEC in connection with the Annual Meeting will also be available, free of charge, by contacting GVIC's proxy solicitor, InvestorCom, at 19 Old Kings Highway, Suite 210, Darien, CT 06820, or by phone at (203) 972-9300.
About Global Value Investment Corp.
Global Value Investment Corp. is a value-oriented investment research and advisory firm focused on investing in the equity and debt of publicly traded companies around the world. The firm was founded in 2007 in Mequon, WI, and has since opened additional offices in Boston, MA, Charleston, SC and Hyderabad, India.
SOURCE Global Value Investment Corp.