Seer, Inc.
SEERReporting person: Bradley L. Radoff, Michael Torok, and affiliated entities (Radoff-JEC Group)(group)
Radoff-JEC Group launches proxy contest at Seer after acquisition rejection
Engagement history
- submitted initial non-binding acquisition proposal on April 11, 2026
- submitted improved acquisition proposal
- board rejected proposal on April 24, 2026
- issued press release response on April 29, 2026
Primary demands
- acquisition of company for $2.35 per share in cash plus contingent value right
- strategic review and asset monetization
- board representation via three director nominees
- removal of current board leadership
No advisor data on record for this deal.
Bradley L. Radoff and Michael Torok's Radoff-JEC Group, which owns approximately 7.6% of Seer, Inc., filed a DFAN14A soliciting material on April 29, 2026 after the company's board rejected their improved acquisition proposal of $2.35 per share plus a contingent value right. The group is nominating three independent directors (Howard H. Berman, Joshua S. Horowitz, and Luis E. Rinaldini) for election at the 2026 annual meeting to hold the board accountable for years of value destruction under CEO Omid Farokhzad. The Radoff-JEC Group is pursuing both a potential negotiated transaction (with offer expiring May 2, 2026) and a proxy contest to install new board members focused on strategic review and value creation.