Even assuming this response was not solicited by the threatened...

Even assuming this response was not solicited by the threatened directors themselves, the release of this to the market is unprofessional.

The board should be encouraging the executives to demonstrate their continued worth by delivering the best outcomes they can rather than fanning the flames of discontent in an effort to protect their positions.

These actions go with the territory as a listed company, and should not come as a complete surprise. While the disruption is a nuisance in the short term, both incumbents and challengers know they have a unique opportunity put in front of them. Whichever way the vote goes, this might turn out better for shareholders. If reelected, the incumbents should be in no doubt that they need to deliver. If elected, the challengers should know they will be watched closely to see if they deliver the promised improvement.

Seems the current board might have scored an own goal with this.