Category Archives: Aaron Levie

Box wins proxy board battle with activist investor Starboard Value

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A battle between Box and its majority shareholder Starboard Value over control of the board ended today when the company’s slate of directors easily defeated Starboard’s. It culminated months of maneuvering on both sides as they battled for control of the company. Box, in a somewhat generic statement, expressed gratitude for the results: Box appreciates […] Continue reading Box wins proxy board battle with activist investor Starboard Value→

Box reports earnings early to give shareholders time to review financials ahead of board vote

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Box has been in an ongoing dispute with activist investors Starboard Value over control of the board, an argument that is expected to come to a head on September 9th at the annual shareholder meeting. In an effort to show shareholders that the numbers are continuing to improve under the current leadership, Box took the […] Continue reading Box reports earnings early to give shareholders time to review financials ahead of board vote→

Box unwraps its answer to the $3.8B e-signature market: Box Sign

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Box’s new native e-signature product provides e-signature capability and unlimited signatures as part of Box’s business and enterprise plans at no additional cost. Continue reading Box unwraps its answer to the $3.8B e-signature market: Box Sign→

Box takes fight with activist investor public in SEC filing

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The war between Box’s current leadership and activist shareholder Starboard took a new turn today with a detailed timeline outlining the two groups’ relationship, thanks to an SEC filing and companion press release. Box is pushing back against a slate of board candidates put forth by Starboard, which wants to shake up the company’s leadership and sell […] Continue reading Box takes fight with activist investor public in SEC filing→

Box beats expectations, raises guidance as it looks for a comeback

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Box executives have been dealing with activist investor Starboard Value over the last year, along with fighting through the pandemic like the rest of us. Today the company reported earnings for the first quarter of its fiscal 2022. Overall, it was a good quarter for the cloud content management company. The firm reported revenue of […] Continue reading Box beats expectations, raises guidance as it looks for a comeback→

Activist investor Starboard Value makes official bid for Box board seats in letter

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Last week activist investor Starboard delivered a public letter rebuking the company for what it perceives as under performance. 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 […] Continue reading Activist investor Starboard Value makes official bid for Box board seats in letter→

KKR hands Box a $500M lifeline

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Box announced this morning that private equity firm KKR is investing $500 million in the company, a move that could help the struggling cloud content management vendor get out from under pressure from activist investor Starboard Value. The company plans to use the proceeds in what’s called a “dutch auction” style sale to buy back […] Continue reading KKR hands Box a $500M lifeline→

Box acquires eSignature startup SignRequest for new content workflows

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Box announced this morning that it has agreed to acquire eSignature startup SignRequest for $55 million.The acquisition gives the company a native signature component it has been lacking and opens up new workflows for the company. Box CEO Aaron Levie says the company has seen increased demand from customers to digitize more of their workflows, […] Continue reading Box acquires eSignature startup SignRequest for new content workflows→

Wall Street needs to relax, as startups show remote work is here to stay

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We are hearing that a COVID-19 vaccine could be on the way sooner than later, and that means we could be returning to normal life some time in 2021. That’s the good news. The perplexing news, however, is that each time some positive news emerges about a vaccine — and believe me I’m not complaining […] Continue reading Wall Street needs to relax, as startups show remote work is here to stay→