Box Board News Today

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Activist investor Starboard Value makes official bid for Box board seats in letter Last week activist investor Starboard delivered a public letter rebuking Box for what it perceives as underperformance. Today the firm, which owns 8% of Box stock, making it the company’s largest stock holder, took it a step further with an official slate of four candidates it will be putting up at the next stockholder’s meeting. While the company rehashed many of the same complaints as in last week’s lette...

SHARE Activist investor Starboard Value LP wants to replace four of the directors on Box Inc.’s board following what it says is a several-year streak of ”substantial underperformance” by the company. The move sets the stage for a potential proxy fight. Starboard informed Box investors that it’s looking to nominate four new directors in an open letter today. One of the nominees would replace Box Chief Executive Officer Aaron Levie (pictured) on the company’s board. The investment firm...

Activist investor Starboard Value is clearly fed up with Box and it let the cloud content management know it in no uncertain terms in a letter published yesterday. The firm, which bought a 7.7% stake in Box two years ago, claims the company is underperforming, executing poorly and making bad business decisions — and it […]

Hedge Fund and Insider Trading News: Nicolai Tangen, Steve Cohen, Starboard Value LP, Legion Partners Asset Management, First Horizon Corp (FHN), Potlatchdeltic Corp (PCH), and More Legion Partners Asset Management is at it again. The Brentwood-based activist hedge fund is pressing for independent directors on the board of OneSpan Inc. to sell off a chunk of the business to raise as much as $100 million in cash. With the Chicago-based cybersecurity technology business rejecting a settlement pro...