Articles from Sieve Capital LLC

Sieve Capital LLC (collectively with its affiliates, “Sieve” or “we”), a shareholder of Americold Realty Trust, Inc. (“Americold” or the “Company”) (NYSE: COLD), today announced that Egan-Jones Proxy Services (“Egan-Jones”), an independent proxy advisory firm, has recommended shareholders vote AGAINST the reelection of long-tenured Americold directors Mark Patterson and Andy Power, as well as directors Kelly Barrett, Robert Bass, Antonio Fernandez, Pamela Kohn and David Neithercut at Americold’s upcoming Annual Meeting of Shareholders (the “Annual Meeting”) on May 18, 2026.

Sieve Capital LLC (collectively with its affiliates, “Sieve” or “we”), a shareholder of Americold Realty Trust, Inc. (NYSE: COLD) (“Americold” or the “Company”), today issued a detailed presentation explaining why shareholders should vote “AGAINST” the re-election of Mark Patterson and Andrew Power to the Company’s Board of Directors (the “Board”) at Americold’s upcoming Annual Meeting of Shareholders (the “Annual Meeting”). Mr. Power is subject to what we view as an irreconcilable conflict of interest because his compensation as CEO of Digital Realty Trust (“Digital Realty”) is controlled, in part, by Mr. Patterson, a member of Digital Realty’s Compensation Committee. Additionally, Mr. Patterson’s de minimis ownership of COLD shares and excessive annual compensation as Chairman, at a ~50% premium to peers, arguably creates a financial incentive for him to obstruct a sale of Americold. Shareholders should vote “AGAINST” Messrs. Patterson and Power, as their removal, in our opinion, would strengthen Americold’s Board.

Sieve Capital LLC (collectively with its affiliates, “Sieve” or “we”), a shareholder of Americold Realty Trust, Inc. (“Americold” or the “Company”), today issued the following open letter urging shareholders to vote “AGAINST” the reelection of Mark Patterson and Andrew Power to the Company’s Board of Directors (the “Board”) at Americold’s upcoming Annual Meeting of Shareholders (the “Annual Meeting”). Of note, Messrs. Patterson and Power currently serve together as directors of Digital Realty Trust, Inc. (NYSE: DLR) and Americold. They are also alumni of the same investment bank.

Sieve Capital LLC (collectively with its affiliates, “Sieve” or “we”), a shareholder of Americold Realty Trust, Inc. (“Americold” or the “Company”), today announced that it is reluctantly initiating a public campaign focused on Chairman Mark Patterson and his boardroom allies. Last week, in a private letter that the Board of Directors (the “Board”)1 has not acknowledged, Sieve detailed its serious concerns pertaining to Mr. Patterson’s documented history of apparently problematic boardroom behavior and poor strategic decisions at Paramount Group2, Digital Realty3 and Americold4. In the correspondence, Sieve specifically asked the Board to strip Mr. Patterson of his Chairman position and not nominate him for re-election at Americold’s upcoming Annual Meeting of Shareholders (the “Annual Meeting”).