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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

activistletters

Hartman Shareholder Alliance Blames Silver Star Properties REIT (SLVS) Management for Value Collapse, Urges Leadership Change and Asset Liquidation

June 10, 2025 Dear Shareholder, The Company’s value stood at $412 million, dropping to $134 million for the period
Jun 12, 2025
activistletters

Askeladden Capital Targets AstroNova (ALOT) Board, Highlighting Strategy Missteps, MTEX Acquisition Fallout, and Governance Issues

Summary The June 11, 2025 Askeladden Capital presentation argues that AstroNova (ALOT) has endured years of governance failures, poor execution,
Jun 11, 2025
activistletters

AstroNova (ALOT): Askeladden Capital and Samir Patel Push for Board Change, Cite Value Destruction and Governance Failures

Company Name: Astronova, Inc. Symbol: ALOT Filing Date: Jun-11-2025 Filer Name: Askeladden Capital Management LLC Download PresentationAskeladden-Astronova-Jun-11-2025.pdf15 MBdownload-circle Source:
Jun 11, 2025
activistletters

BBRC (12.9% Holder) Criticizes Victoria’s Secret (VSCO) Board for Value Destruction, Capital Missteps, and Governance Failures

Summary On June 9, 2025, BBRC International, a 12.9% shareholder of Victoria’s Secret & Co., sent a letter
Jun 10, 2025
activistletters

BBRC Pressures Victoria’s Secret (VSCO) Board Over Poor Returns, Capital Misallocation, and Governance Failures Ahead of Earnings Call

June 9, 2025 Victoria’s Secret & Co. Attn: Donna James, Chair of the Board of Directors Four Limited Parkway
Jun 10, 2025
activistletters

Hartman Shareholder Alliance Presses Silver Star Properties (SLVS) for Board Change, Citing NAV Collapse and “New Direction Plan” Failures

Summary On June 4, 2025, Al Hartman issued a detailed letter to Silver Star Properties shareholders, criticizing current leadership under
Jun 5, 2025
activistletters

Hartman Group Urges Silver Star Properties (SLVS) Shareholders to Reject “Failed” New Direction Plan, Pushes for Liquidation and Capital Return Amid Sharp NAV Decline

June 4, 2025 Dear Silver Star Properties, Inc. Shareholder, As SSP shareholders we are concerned about and frustrated with the
Jun 5, 2025
activistletters

JANA Partners (7% Holder) Calls for Major Board Overhaul at Lamb Weston (LW) After 80% Shareholder Support for Change

Summary On June 3, 2025, JANA Partners, a major shareholder owning approximately 7% of Lamb Weston, sent a letter highlighting
Jun 5, 2025
activistletters

JANA Partners Calls for Board Overhaul at Lamb Weston (LW) Amid Broad Shareholder Backlash and Billions in Lost Value

JANA Partners Sends Open Letter to Shareholders Reporting Overwhelming Support for Significant Board Change at Lamb Weston Recent Third-Party Shareholder
Jun 5, 2025
activistletters

Lamb Weston (LW) Faces JANA Partners’ Call for Significant Board Change Amid Billions in Value Destruction

Summary On June 3, 2025, JANA Partners, which owns approximately 7% of Lamb Weston, released a letter reporting overwhelming shareholder
Jun 5, 2025
activistletters

JANA Partners Urges Board Overhaul at Lamb Weston (LW), Citing 80% Shareholder Support and Deep Governance Failures

JANA Partners Sends Open Letter to Shareholders Reporting Overwhelming Support for Significant Board Change at Lamb Weston Recent Third-Party Shareholder
Jun 5, 2025
activistletters

Hooker Furnishings (HOFT) Faces Global Value Investment’s Criticism for Strategic Missteps and Shareholder Value Destruction

Summary Global Value Investment Corp. (GVIC) released a June 3, 2025 presentation blasting Hooker Furnishings (HOFT) for governance failures and
Jun 5, 2025
activistletters

Global Value Investment Pressures Hooker Furnishings (HOFT) Over Governance Failures, Seeks Board Accountability

Company Name: Hooker Furnishings Corp Symbol: HOFT Filing Date: Jun-05-2025 Filer Name: Global Value Investment Corp Download PresentationGlobal Value-Hooker-Jun-05-2025.pdf6
Jun 5, 2025
activistletters

Askeladden Capital (9.2% Holder) Pushes for Board Overhaul at AstroNova (ALOT), Blasting Strategy, Acquisitions, and Governance Failures

Summary Samir Patel of Askeladden Capital, AstroNova’s largest shareholder, wrote a letter urging shareholders to vote for his slate
Jun 4, 2025
activistletters

Askeladden Capital and Samir Patel Challenge AstroNova (ALOT) Board Over Strategic Failures and Governance Lapses

Samir Patel and Askeladden Capital Management LLC issued the following news release containing an open letter to AstroNova shareholders: Askeladden
Jun 4, 2025
activistletters

Findell Capital Urges Oportun (OPRT) Shareholders to Remove CEO Raul Vazquez, Pushes for Board Refresh and Operational Discipline

Summary On June 3, 2025, Findell Capital, a major shareholder of Oportun Financial (OPRT), issued a letter urging stockholders to
Jun 3, 2025
activistletters

Findell Capital Presses for Board Shake-Up at Oportun Financial (OPRT), Urges Shareholders to Remove CEO Vazquez and Elect Lending Expert Warren Wilcox

Download LetterOportun-Findell-Jun-06-2025.pdf8 MBdownload-circle Source: https://www.sec.gov/Archives/edgar/data/1538716/000092189525001686/ex991dfan14a13982002_060325.pdf
Jun 3, 2025
activistletters

Askeladden Capital Presses for Change at AstroNova (ALOT) with Board Slate, Strategy Criticism, and Capital Allocation Concerns

Summary Askeladden Capital, AstroNova’s largest shareholder with a 9.2% stake, has nominated five new directors to the company’
Jun 3, 2025
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