- Reuters
UPDATE 1-Activist investor Starboard nominates directors to Box Inc's board
Activist investor Starboard Value LP launched a proxy battle on Monday to take greater control of cloud services provider Box Inc as it nominated four directors for election to the company's board. Starboard, which owns about 8% of Box, earlier said the company had failed to capitalize on the work-from-home trend during the COVID-19 pandemic, falling behind its cloud computing peers. Box, in response, said it does not believe that changes proposed by Starboard to its board were "warranted or in the best interests of all stockholders".
- Business Wire
Box Outlines Significant Progress and Reiterates Commitment to Stockholder Value Creation; Responds to Starboard’s Statement
Box, Inc. (NYSE: BOX) today issued the following statement in response to Starboard Value LP ("Starboard"):
- Reuters
Activist investor Starboard nominates directors to Box Inc's board
Starboard, which owns about 8% of Box, earlier said the company had failed to capitalize on the work-from-home trend during the COVID-19 pandemic, falling behind its cloud computing peers. Box, in response, said it does not believe that changes proposed by Starboard to its board were "warranted or in the best interests of all stockholders". "The Box Board has been consistently responsive to feedback from all of its stockholders, including suggestions from Starboard ... furthermore, Starboard's statements do not accurately depict the progress Box has made," the company said.
