Starboard value lp is listed as an insider in the following companies. Starboards average return on technology companies is 35%, more than. In a d filing on parexel international corp nasdaq. Box activist investor buys stake in commvault data protection. All stocks held by starboard value lp holdings channel.
Starboard value lp is a new yorkbased investment adviser with a focused and differentiated fundamental approach to investing in publicly traded u. How hedge fund starboard value has shaken up corporate america. Starboard tells company to sell its private planes and. Activist investor starboard value lp has built a stake in u. Starboard sends letter to progress software president. Starboard value delivers letter to ceo and board of. Ceo marissa mayer to disclose plans for assets such as the stake in alibaba. Starboard value is a fundamental oriented activist hedge fund focusing on small cap stocks. Cvs health has a new activist investor about a year after its merger with the insurance giant aetna. Compuware points to progress in response to shareholder.
Brian is an operating partner at starboard capital partners. While ebay has made progress on some of these initiatives, much work. Prgs said a new york investment group that has been increasing its stake in the company recently submitted nominees for. Feb 9 reuters sharpie pens maker newell brands said on friday activist investors starboard value lp and opportunity master fund ltd were seeking to nominate 10 directors to its board. Represented starboard in negotiating two consecutive settlements for total of four board seats. Get the latest starboard value lp news, articles, videos and photos on the new york post.
One of the more interesting moves made by starboard value lp was the sale of more than half of its shares in progress software corporation nasdaq. Wes calvert partner the donerail group lp linkedin. If you decide that you want to be removed from our mailing lists at any time, you can change your contact preferences by. Newell brands says activist starboard seeks to replace board. Starboard value sues comscore to force annual meeting.
Friday tried to reassure its shareholders that its continuing to find ways to boost the companys share price, a day after a wall street hedge fund urged compuware management to. Starboard value is founded by jeffrey smith in 2002 via a spinoff from ramius. Starboard value merged with the cowen group in 2008, and was cowens hedgefund until 2011, when it went independent. Starboard value lp starboard value gp llc starboard principal co lp starboard principal co gp llc smith jeffrey c feld peter a. In aol fight, a newcomer activist exerts influence marketwatch. He joined xerox in 1976 at its corporate headquarters, where brian held finance and product development positions. Starboard value lp holdings changes, total fund size, and other information presented on was derived from starboard value lp f filings. Reuters activist shareholder starboard value lp on tuesday piled more pressure on ebay inc to sell off its classifieds business, saying it had not made enough progress to improve shareholder value. Ebay later struck settlement deals handing the funds board representation and late last year to sell stubhub to genevabased viagogo entertainment inc. In the legal profession, information is the key to success. A primer on starboard, the activist that pushed for a.
Progress software to sell noncore assets marketwatch. Cvlt, a recognized global enterprise software leader in the management of data across cloud and onpremises environments, today confirmed that starboard value lp starboard has nominated six candidates to stand for election to the commvault board of directors at the companys 2020 annual meeting of shareholders. Prior to joining starboard, brian spent 35 years at xerox corp. Aecom announces governance agreement with starboard value. Starboard value lp in its director election campaign at progress software corporation starboard value lp in its director election campaign at regis corporation starboard value lp in its director election campaign at tessera technologies, inc. A primer on dardens real estate overview of starboard value lp starboard value lp is a deep value oriented investment firm that specializes in investing in underperforming companies and analyzing alternative strategies to. Smith was a partner managing director of ramius llc, a subsidiary of the cowen group, inc. Smiths starboard value which has wrested changes from big companies including yahoo. Lsb industries and starboard value reach agreement regarding corporate governance and board composition. Starboard value lp is a new yorkbased investment adviser with a focused and fundamental approach to investing in publicly traded u. Lsb industries and starboard value reach agreement.
The activist hedge fund starboard value lp told paul sarvadi, the ceo and chairman of the human resource outsourcing firm insperity inc. Activist hedge fund starboard value lp moved on thursday to overthrow the entire board of yahoo inc, including chief executive marissa mayer, who has struggled to turn around the company in her. Activist hedge fund starboard value lp is calling off its pending proxy contest at progress software corp. Crawford represents hedge funds and other large investors in matters concerning shareholder activism, proxy contests, hostile takeovers, corporate governance, and mergers and acquisitions. Learn about prgs with our data and independent analysis including price, star rating, valuation, dividends, and financials. How starboard value, the hedge fund trying to dismantle yahoos board, has shaken up corporate america. Jeffrey smith is a managing member, chief executive officer and chief investment officer of starboard value lp.
New york, may 7, 2012 prnewswire starboard value lp together with its affiliates, starboard, one of the largest shareholders of progress software corporation progress or the company. Starboard delivers letter to board of ebay pr newswire. Starboard value lp in its direction election campaign at office depot, inc. Starboard pressures ebay to sell classifieds business. Whalewisdom has at least 1 form 4 filings the firm last filed a form d notice of exempt offering of securities on 201909. Prnewswire starboard value lp together with its affiliates, starboard, one of the largest shareholders of ebay inc. From 1992 to 1994, he headed corporate business strategy of the firm. Based on either your previous activity on our websites or our ongoing relationship, we will keep you updated on our products, solutions, services, company news and events. Represented starboard in successful campaign for board seats. With little progress to show for her revival efforts after more than three. Starboard value is an american hedge fund that was founded in 2002 by jeffrey smith and mark mitchell with smith serving as ceo. Starboard value is based out of new york and is run by ceo jeff smith. Starboard value nominates directors to commvaults board. Starboard value lp nominated nine directors as pressure mounts to.
Parexel international corp starboard value lp reports 5. Activist investor starboard, which has track record of big returns in. Progress software to eliminate up to 260 jobs the boston. The business transformation remains a work in progress. The asset was one of the biggest holdings in the firms portfolio in the last quarter of. New york investment fund targets progress software. In the wake of this progress, aecoms stock is trading near its alltime high. Activist starboard discloses stake in software maker box bloomberg. Starboard value lp, together with its affiliates starboard, currently owns approximately 5. Computer hardware computer software consumer electronics. You have to know whats happening with clients, competitors, practice areas, and industries.
It is illegal for insiders to make trades in their companies based on specific, non. Ceo of starboard value lp and chairman of papa johns international inc. Inc faces more pressure from activist starboard starboard value lp is ramping up the pressure on yahoo. Starboard value lp reported that it has acquired a 7. According to chambers usa, steve receives plaudits from across the market for. Depo starboard value lp has filed an amended schedule da, reporting a 8.
Represented starboard in its successful proxy contest at progress software. View wes calverts profile on linkedin, the worlds largest professional community. Starboard value lp nominated six director candidates who may stand for election to commvault systems inc. Starboard launches proxy fight to remove entire yahoo. Mcrl micrel inc insiders are officers, directors, or significant investors in a company. Yahoo reaches deal with starboard to add board members wsj. Starboard value began as part of ramius capital in 2002. About a year ago, the activist hedge funds elliott management corp. Jeffrey smith, ceo of starboard value lp and chairman of papa johns international inc.
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