Category Archives: Starboard Value

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 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→

Starboard Value puts Box on notice that it’s looking to take over board

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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 […] Continue reading Starboard Value puts Box on notice that it’s looking to take over board→

Activist investor Starboard Value taking three Box board seats as involvement deepens

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When activist investors Starboard Value took a 7.5% stake in Box last September, there was reasonable speculation that it would begin to try and push an agenda, as activist investors tend to do. While the firm has been quiet to this point, today Box announced that Starboard was adding three members to the 9 member […] Continue reading Activist investor Starboard Value taking three Box board seats as involvement deepens→

Starboard Value takes 7.5% stake in Box

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Starboard Value, LP revealed in an SEC Form 13D filing last week that it owns a 7.5% stake in Box, the cloud content management company. It is probably not a coincidence that Starboard Value looks for undervalued stocks. Box stock has been on a price roller coaster ride since it went public in 2015 at […] Continue reading Starboard Value takes 7.5% stake in Box→