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Supremex Inc T.SXP

Alternate Symbol(s):  SUMXF

Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates in two reporting segments: the manufacturing and sale of envelopes and the manufacturing and sale of paper-based packaging solutions and specialty products. It also manufactures and distributes a diverse range of packaging and specialty products, including folding carton packaging and e-Commerce fulfillment packaging solutions. Other packaging and specialty products include the Conformer Products, labels, record sleeves and jackets, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates over ten manufacturing facilities across four provinces in Canada and five manufacturing facilities in three states in the United States.


TSX:SXP - Post by User

Comment by Tapceton Feb 15, 2022 12:15pm
268 Views
Post# 34430342

RE:RE:RE:Activist puts pressure on Supremex

RE:RE:RE:Activist puts pressure on SupremexGuess it won't be long before SXP goes the same way as Brampton Brick after Christopolous got involved. Hoping to see action soon re: Say on Pay and sale of manufacturing facilities. It's trading below book, and book is already understated wrt real estate valuations.

https://www.newswire.ca/news-releases/brampton-brick-limited-concerned-shareholder-voting-intentions-june-30-2020-agm-861736049.html

TORONTOJune 23, 2020 /CNW/ - Concerned Shareholder of Brampton Brick Limited, George Christopoulos, proxy holder, with control of 211,800 Class A shares (200,000 record date), to vote in person:

  • "WITHHOLD" on all nominated directors, except Adam Peterson
  • "FOR" each Shareholder Proposal:

1. Elimination of dual class shares
2. Say on pay
3. Sale of corporation via open, fair auction process

Why? Based on facts and results, Brampton Brick is poorly managed and suffers from poor corporate governance:

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