Additional Proxy Soliciting Materials - Non-management (definitive) (dfan14a)
22 Octobre 2021 - 5:56PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No. )
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by the Registrant ☐
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by a Party other than the Registrant ☒
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the appropriate box:
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Preliminary
Proxy Statement
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Confidential,
for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive
Proxy Statement
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Definitive
Additional Materials
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Soliciting
Material Under Rule 14a-12
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MY
SIZE, INC.
(Name
of Registrant as Specified in Its Charter)
CUSTODIAN
VENTURES LLC
ACTIVIST
INVESTING LLC
DAVID
E. LAZAR
DAVID
ABOUDI
PATRICK
LONEY
DAVID
NATAN
(Name
of Persons(s) Filing Proxy Statement, if Other Than the Registrant)
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of Filing Fee (Check the appropriate box):
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Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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of each class of securities to which transaction applies:
Aggregate
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filing fee is calculated and state how it was determined):
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paid previously with preliminary materials:
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was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.
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Custodian
Ventures LLC, a Wyoming limited liability company (“Custodian Ventures”), together with the other participants named herein,
intends to file a preliminary proxy statement and accompanying WHITE proxy card with the Securities and Exchange Commission (“SEC”)
to be used to solicit votes for the election of its slate of highly-qualified director nominees at the 2021 annual meeting of stockholders
of My Size Inc., a Delaware corporation (the “Company”).
Item 1: On
October 22, 2021, Custodian Ventures issued the following press release:
CUSTODIAN
VENTURES ADDRESSES MY SIZE, INC.’S LATEST ATTEMPT TO
DISENFRANCHISE STOCKHOLDERS AND UNDERMINE CORPORATE DEMOCRACY
NEW
YORK, NY – October 22, 2021 /PRNewswire/ – Custodian Ventures LLC (together with its affiliates, “Custodian Ventures”
or “we”), as the largest stockholder of My Size, Inc. (“MYSZ” or the “Company”) (NASDAQ: MYSZ) prior
to the Company’s recent dilutive transaction, with an ownership interest of approximately 9.99% of the Company’s outstanding
shares, today commented on the lawsuit filed by MYSZ on October 20, 2021 to prevent Custodian Ventures from nominating director candidates
and running an election contest at the Company’s 2021 Annual Meeting of Stockholders (“Annual Meeting”).
As
a reminder, on May 12, 2021, Custodian Ventures nominated four highly-qualified and independent candidates for election to replace all
four members of the MYSZ Board of Directors (the “Board”) at the Company’s next Annual Meeting.
David
Lazar, Chief Executive Officer of Custodian Ventures, stated:
“The
lawsuit filed by MYSZ is baseless and we intend on vigorously defending ourselves. This action appears to be a blatant entrenchment maneuver
intended to disenfranchise Custodian Ventures and insulate Ronen Luzon and his boardroom allies, who have demonstrated a flagrant disregard
for stockholders and their rights for years. We contend that the incumbent Board has irreparably impugned its credibility by weaponizing
litigation in an attempt to silence a sizable stockholder and undermine corporate democracy. We urge stockholders not to be misled by
this latest effort by MYSZ to distract stockholders from the reality that this Board:
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has
overseen a Company whose stock price has declined by a staggering 98.7% since MYSZ was listed
on Nasdaq in July 2016;
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issued
nearly 20% of the Company’s then outstanding shares in a dilutive May 2021 transaction
that appears to have had no bona fide business purpose other than to “buy the vote”
in advance of a potential election contest with Custodian Ventures by putting the shares
in the hands of a Shoshana Zigdon, a former insider whose husband Yitzhak Zigdon has been
reported as having been closely involved in the business as well and who at one point had
an Interpol listing saying he is wanted by the United States on charges of conspiracy to
commit securities fraud, wire fraud and mail fraud;1
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refused
to produce any documents substantiating the legitimacy of the Zigdon transaction and instead
used the Company’s finite resources to apparently give the Company’s external
counsel carte blanche approval to erect roadblocks to our legitimate information requests
under Delaware law;2 and
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failed
to hold the Annual Meeting within thirteen months of its prior annual meeting and in violation
of the Company’s historical practice and statutorily required timeframe, forcing Custodian
Ventures to file suit in the Court of Chancery of the State of Delaware on September 22,
2021 to protect stockholder rights and compel MYSZ to promptly hold the Annual Meeting for
the election of directors.3
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We
believe stockholders should be equally alarmed that the Board is wasting the Company’s finite resources on under-handed efforts
to harm Custodian Ventures and thwart a fair, open election contest. Fortunately for stockholders, we will not allow the Board to use
scorched-earth litigation and reputational attacks as a means of escaping accountability and remain fully committed to offering stockholders
the opportunity to vote for sorely-needed change at this year’s Annual Meeting. It is our belief that with a reconstituted and
independent Board at the helm, there remains tremendous value that can ultimately be unlocked at MYSZ.”
Please
visit www.saratogaproxy.com/mysz/to learn more about the Custodian Ventures slate and to share your feedback.
About
Custodian Ventures
Custodian
Ventures LLC is an investment fund specializing in reverse merger and other event driven opportunities. Its Chief Executive Officer,
David E. Lazar, brings domestic and international experience in operations, accounting, audit preparation, due diligence, capital restructuring,
debt financing, and mergers and acquisitions.
Investor
Contacts:
John
Ferguson
Saratoga
Proxy Consulting LLC
(212)
257-1311
Item 2: On October 21, 2021, Law360
published an article, which was posted on Law360’s website and included the following quotes from David Lazar, Chief Executive Officer
of Custodian Ventures and director nominee for the Company’s Board of Directors:
In a statement sent to Law360
on Thursday, Lazar called the lawsuit “baseless.”
“We contend that the incumbent
board has irreparably impugned its credibility by weaponizing litigation in an attempt to silence a sizable stockholder and undermine
corporate democracy,” said Lazar, who in conjunction with his companies owns approximately 9.99% of outstanding shares.
Source: Law360. Law360 is not a party to and
has not endorsed our proxy solicitation and has not consented to the use of this article in our proxy solicitation.
Leslie Pappas for Law360.
CERTAIN
INFORMATION CONCERNING THE PARTICIPANTS
Custodian
Ventures LLC (“Custodian Ventures”), together with the other participants named herein, intends to file a preliminary proxy
statement and an accompanying WHTE proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes
for the election of its slate of highly qualified director nominees at the 2021 annual meeting of stockholders My Size, Inc., a Delaware
corporation (the “Company”).
CUSTODIAN
VENTURES STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEB SITE AT HTTP://WWW.SEC.GOV.
IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON
REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS’ PROXY SOLICITOR.
The
participants in the proxy solicitation are anticipated to be Activist Investing LLC (“Activist Investing”), Custodian Ventures,
David E. Lazar, David Aboudi, Patrick Loney and David Natan.
As
of the date hereof, Activist Investing directly beneficially owns 421,553 shares of Common Stock, par value $0.001 per share, of the
Company (the “Common Stock”). As of the date hereof, Custodian Ventures directly beneficially owns 790,300 shares of Common
Stock. As of the date hereof, Mr. Lazar directly beneficially owns 290,200 shares of Common Stock. Mr. Lazar, as the sole member and
Chief Executive Officer of each of Activist Investing and Custodian Ventures, may be deemed to beneficially own the 1,211,853 beneficially
owned in the aggregate by Activist Investing and Custodian Ventures. As of the date hereof, none of Messrs. Aboudi, Loney or Natan beneficially
own any shares of Common Stock.
1 Haaretz
Article “What’s the Connection Between a Soaring Israeli Startup and Interpol?”, Dated August 22, 2015.
https://www.haaretz.com/israel-news/business/.premium-what-s-the-connection-between-an-israeli-startup-and-interpol-1.5389568.
2
Custodian Ventures’ Books and Records Request, Dated June 1, 2021.
https://www.sec.gov/Archives/edgar/data/1211805/000182912621004700/mysizeinc_ex99-1.htm.
3
Custodian Ventures’ Verified Complaint, Dated September 22, 2021.
https://www.sec.gov/Archives/edgar/data/1211805/000182912621010456/mysizeinc_ex99-1.htm.
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