Starboard Value Issues Letter to Autodesk Shareholders Regarding Opportunities for Improved Corporate Governance and Enhanced Value Creation
2024年6月17日 - 9:00PM
ビジネスワイヤ(英語)
Believes Autodesk Failed to Disclose
Material Accounting and Disclosure Issues Before the Deadline for
Nominating Directors, Thereby Depriving Shareholders of Information
Needed to Make an Informed Decision
Intends To File Lawsuit in the Delaware
Court of Chancery Seeking to Delay 2024 Annual Meeting and Reopen
Nomination Window
Believes Autodesk Has an Opportunity to
Create Significant Shareholder Value by Improving Its Combination
of Growth and Profitability
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.
About Starboard Value LP
Starboard Value LP is an investment adviser with a focused and
differentiated fundamental approach to investing in publicly traded
companies. Starboard invests in deeply undervalued companies and
actively engages with management teams and boards of directors to
identify and execute on opportunities to unlock value for the
benefit of all shareholders.
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version on businesswire.com: https://www.businesswire.com/news/home/20240617451283/en/
Investor Contacts:
Peter Feld, (212) 201-4878 Gavin Molinelli, (212) 201-4828
www.starboardvalue.com
Media Contacts:
Longacre Square Partners Greg Marose / Charlotte Kiaie, (646)
386-0091 starboard@longacresquare.com