On November 23, 2021, Voss Capital, LLC, issued a public letter to Griffon Corporation's Board of Directors and announced its nomination of 3 qualified candidates: Gerry Bollman, H.C. Charles Diao, and Leviathan Winn for election as directors of Griffon Corporation. Voss Capital believes the Company is undervalued due to poor corporate governance, egregious management compensation and conglomerate discount. Voss Capital highlights sustained underperformance Vs peer group over past decade.

Voss Capital urged the Company to explore all potential strategic alternatives to enhance value for shareholders. In addition,Voss Capital nominates candidates to bring essential expertise and new perspectives, position the Company for future success and improve oversight of management.