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”), 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”).