The Urgent Need for Change and The Superior Path Forward
SYNALLOY'S STOCK PRICE PERFORMANCE
SIGNIFICANTLY LAGS PEER GROUPS
PRIVET
FUND
We firmly believe that Synalloy's drastic underperformance, during a period of
historic economic growth and equity market appreciation, can be attributed directly
to Mr. Bram's inability to oversee the execution of a viable strategy and the Board's
failure to hold him accountable
(57.2%)
One Year
(43.2%)
One Year
Over/(Underperformance) vs.
NASDAQ 100 Non-Financial
UPG
STRONGER TOGETHER
(140.9%)
Over/(Underperformance) vs. Russell 2000
Five Year
(71.3%)
(293.4%)
Since Craig Bram
Became CEO
Five Year
(113.5%)
Since Craig Bram
Became CEO
1. Note: All performance periods ended 12/31/19
(31.7%)
Over/(Underperformance) vs. Proxy Group
One Year
(31.4%)
(41.6%)
Five Year
One Year
01. 02. 03. 04. 05.
Meaningful Change is
Required at Synalloy
(44.5%)
Over/(Underperformance) vs. Closest Direct Peers
Five Year
(28.9%)
Since Craig Bram
Became CEO
(25.4%)
Since Craig Bram
Became CEO
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