JACKSON, Mich.--(BUSINESS WIRE)--Richmond Brothers, Inc. (“Richmond Brothers”), a Michigan-based SEC registered investment advisor and wealth management firm that is the largest beneficial owner of Rockwell Medical, Inc. (NASDAQ:RMTI) (“Rockwell” or the “Company”), which together with its affiliates beneficially owns over 5.6 million shares, or 10.9% of the Company’s outstanding common stock, today announced that final certified vote totals from inspector of elections IVS Associates, Inc. show that Richmond Brothers’ highly-qualified nominee, Mark H. Ravich, received support from over 66% of the votes cast – and more than half of the Company’s outstanding shares – at the 2017 Annual Meeting of Shareholders, which was held on June 1, 2017.
David S. Richmond, Chairman of Richmond Brothers issued the following statement commenting on the final results:
“We are extremely grateful to the many Rockwell shareholders who have voiced their strong support for change at Rockwell by electing our nominee, Mark H. Ravich. The finalized vote tally, indicating that nearly two-thirds of the votes cast, and more than 50% of all of the Company’s outstanding shares, went to Mark – speaks volumes about the extent of shareholders’ frustrations with Rockwell’s Board and management. Excluding shares voted by insiders, the results are even more staggering. It is our sincere hope that Rockwell takes heed of this unequivocal result and begins working immediately to rectify the performance and governance issues that have plagued the Company for years.”
For more information, and to see other communications and filings from Richmond Brothers, visit this link: http://www.richmondbrothers.com/time-for-action-at-rmti.
About Richmond Brothers, Inc.
Richmond Brothers, Inc. is an SEC registered investment advisor and wealth management firm founded in 1994.