Articles from Starboard Value LP

Starboard Value LP (together with its affiliates, “Starboard” or “we”), one of the largest shareholders of News Corporation (Nasdaq: NWSA, NWS) ("News Corp" or the "Company"), today announced that Institutional Shareholder Services Inc. (“ISS”), Glass, Lewis & Co. (“Glass Lewis”), and Egan-Jones Proxy Services (“Egan-Jones”), three leading U.S. proxy advisory firms, recommend shareholders vote FOR Starboard’s proposal to collapse the dual-class share structure at the Company’s upcoming 2024 Annual Meeting of Shareholders. Additionally, Ownership Matters Governance Advisors (“Ownership Matters”), a leading proxy advisory firm in the Australian market, recommends shareholders vote FOR this same proposal.

Starboard Value LP (together with its affiliates, “Starboard” or “we”), today announced that Jeffrey Smith, the firm’s Chief Executive Officer and Chief Investment Officer, delivered a presentation at the 2024 Active-Passive Investor Summit to highlight value creation opportunities at three companies: Kenvue Inc. (NYSEKVUE), Pfizer Inc. NYSE: PFENYSEPFE)(NYSE: CRMNYSECRM. The full presentation and the respective presentations for the aforementioned companies can be found at: https://www.starboardvalue.com/presentations.

Starboard Value LP (together with its affiliates, “Starboard” or “we”), a significant shareholder of Pfizer Inc. (NYSEPFE) (“Pfizer” or the “Company”), today issued the below letter to Company’s Board of Directors.

Starboard Value LP (together with its affiliates, “Starboard” or “we”), a significant shareholder of News Corporation (Nasdaq: NWSA, NWS) (“News Corp” or the “Company”), today released the below letter sent to News Corp shareholders. A copy of the letter can be reviewed below or downloaded at: https://www.starboardvalue.com/presentations.

Starboard Value LP (together with its affiliates, “Starboard” or “we”), a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (“Autodesk” or the “Company”), today released a statement regarding recent reports of uncovered internal documents which allegedly show Autodesk executives ignored employees’ warnings about controversial sales tactics and intentionally deceived shareholders.

Starboard Value LP (together with its affiliates, “Starboard” or “we”), a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (“Autodesk” or the “Company”), today released a presentation that details the urgent need to improve the Company’s lagging governance, operations, and financial performance. The presentation, a similar version of which was previously delivered to Autodesk’s Board of Directors (the “Board”), highlights that shareholders have endured seven years of missed financial targets, subpar profitability, and sustained share price underperformance under Chief Executive Officer Andrew Anagnost. The Board has failed to hold management accountable for this disappointing performance. In light of these disappointing results, Starboard has urged the Board to immediately focus on value-enhancing opportunities that include:

Starboard Value LP (together with its affiliates, “Starboard”), which holds approximately 6.6% of the outstanding common shares of Match Group, Inc. (NASDAQMTCH) (“Match” or the “Company”), today announced it sent a letter to the Company’s Chief Executive Officer, President & Chief Financial Officer, and Board of Directors regarding actionable opportunities for enhancing shareholder value. In addition, the letter lays out Starboard’s view that Match should explore a sale in the event the Company’s leadership is unable to execute on the prescribed value-enhancing initiatives.

Starboard Value LP, a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (“Autodesk” or the “Company”), today issued a letter to the Company’s Board of Directors (the “Board”) urging Autodesk to heed mounting calls for enhanced governance, transparency, and operational execution.

Starboard Value LP, a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (“Autodesk” or the “Company”), today issued a letter to its fellow shareholders pertaining to its belief that Autodesk and its Board of Directors (the “Board”) manipulated the corporate machinery and perpetuated an entrenchment scheme by failing to disclose material malfeasance regarding the Company’s accounting and disclosure practices prior to the deadline to nominate director candidates for election at the 2024 Annual Meeting of Shareholders. Starboard intends to file a lawsuit against the Company and its Board in the Delaware Court of Chancery seeking a delay of the 2024 Annual Meeting and a reopening of the nomination window. The letter also outlines Starboard’s view that Autodesk has underperformed from an operational and financial standpoint. Starboard believes Autodesk can create significant shareholder value by improving its combination of growth and profitability. The letter can be accessed at https://www.starboardvalue.com/presentations.

Starboard Value LP (together with its affiliates, “Starboard” or “we”) today announced that Jeffrey Smith, the firm’s Chief Executive Officer and Chief Investment Officer, delivered a presentation at the 2023 Capitalize for Kids Investors Conference highlighting value creation opportunities at Bloomin’ Brands, Inc. (NASDAQBLMN) and Algonquin Power & Utilities Corp. NYSE: AQNNYSEAQN)

Starboard Value LP (together with its affiliates, "Starboard" or “we”) today announced that Jeffrey Smith, the firm’s Chief Executive Officer and Chief Investment Officer, delivered a presentation at the 2023 Active-Passive Investor Summit to highlight value creation opportunities at three companies: News Corporation (Nasdaq: NWSA), Fortrea Holdings Inc. (Nasdaq: FTRE) and GoDaddy Inc. (NYSEGDDY). The full presentation and the respective presentations for the aforementioned companies can be found at: https://www.starboardvalue.com/presentations.

Starboard Value LP (together with its affiliates, “Starboard” or “we”), a significant shareholder of Abcam plc (“Abcam” or the “Company”) (Nasdaq: ABCM), today issued the following statement: