Mac-Gray endorses incumbents for election to board; shareholder's nominees denied

By Lisa Kerner

Charlotte, N.C., Feb. 26 - Mac-Gray Corp. said its governance and nominating committee will recommend that the company's board of directors nominate for re-election the two incumbent class III directors: current chairman and chief executive officer Stewart G. MacDonald Jr. and independent member Christopher T. Jenny.

According to Mac-Gray, the governance and nominating committee considered the two nominees submitted by Darlington Partners, LP: Scott W. Clark, vice president, member and portfolio manager with Fairview Capital, and Bruce C. Ginsberg, president, CEO and a director of MooBella LLC.

"We unanimously determined that the nomination of these two individuals is not in the best interest of our stockholders," Mac-Gray chairman Thomas E. Bullock said in a company news release.

"The board unanimously believes that MacDonald and Jenny have the knowledge, experience and commitment to successfully implement the company's business strategy and to deliver long-term shareholder value."

Mac-Gray, a Waltham, Mass.-based laundry facilities management contractor, will hold its annual meeting at 10 a.m. ET on May 8 in Boston.

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