activistletters
Elliott Investment Management Presses Phillips 66 (PSX) on Governance—Midstream Separation, Annual Elections, Vote Gold Card
Summary
On April 3, 2025, Elliott Investment Management, a major shareholder in Phillips 66, urged fellow shareholders to vote the
activistletters
Elliott Investment Management Pushes for Board Overhaul at Phillips 66 (PSX), Unveils 'Streamline 66' Plan to Unlock Value and End Chronic Underperformance
Download LetterPhillips-Elliott-Apr-03-2025.pdf2 MBdownload-circle
Source:
https://www.sec.gov/Archives/edgar/data/1534701/000092189525000976/ex991dfan14a10168303_040325.pdf
activistletters
Askeladden Capital Targets AstroNova (ALOT) Governance After 50% Stock Decline, Nominates Turnaround-Focused Slate
Summary
In this letter, Samir Patel of Askeladden Capital Management (a 9.2% shareholder in AstroNova Inc.) criticized the company’
activistletters
Askeladden Capital Seeks Board Overhaul at AstroNova (ALOT) After MTEX Acquisition Fallout and Years of Shareholder Value Destruction
Dear Fellow Shareholders,
I believe that AstroNova Inc. (Nasdaq: ALOT) is a fundamentally high-quality business, with leading competitive positions in
activistletters
Sherwood Group Presses Barnwell (BRN) for Board Overhaul—Cut Overhead, Curb Legal Spend, and Leverage $49M NOLs for Value Creation
Summary
In this letter dated April 2025, Ned L. Sherwood, Barnwell Industries’ largest shareholder (owning ~30%), urged stockholders to support
activistletters
Ned Sherwood Launches Consent Solicitation to Replace Entire Barnwell Industries (BRN) Board, Citing Decades of Underperformance and Governance Failures
To Our Fellow Stockholders of Barnwell Industries:
On March 14, 2025, I, as the largest shareholder in BRN, commenced a
activistletters
Silver Star Properties (SLVS): Hartman Blasts Haddock’s “Failed New Direction Plan,” Cites $278M NAV Destruction and Mismanagement
Summary
In this letter, Al Hartman, former CEO of Silver Star Properties, accuses current leadership under Gerald Haddock of destroying
activistletters
Al Hartman Criticizes Silver Star Properties (SLVS) Leadership, Blames Haddock for $278M NAV Destruction and Urges Shareholder Vote for Board Change
Dear Silver Star Shareholders,
The recent letter and PowerPoint from Silver Star Properties is more deflection, irresponsible hyperbole and continuation
activistletters
Bradley L. Radoff Sent Letter to Atea’s Stockholders
Source:
https://www.sec.gov/Archives/edgar/data/1380585/000092189525000883/dfan14a09076068_03262025.htm
The Radoff-JEC Group Nominates Three Highly Qualified
activistletters
Autodesk (ADSK) Starboard Value Nominates Three Directors, Cites Long-Term Underperformance and Governance Failures
Summary
Starboard Value nominated three directors to Autodesk's board, citing long-term underperformance, misleading disclosures, and lack of board
activistletters
Autodesk (ADSK) Starboard Value Launches Proxy Fight, Accuses Board of Misleading Investors on Margins and TSR
Dear Fellow Shareholders,
Starboard Value LP (together with its affiliates, “Starboard”) is a large shareholder of Autodesk, Inc. (“Autodesk” or
activistletters
Saga Communications (SGA) Gate City Capital Withdraws Director Nominees, Ends Proxy Contest Plans
Summary
On March 26, 2025, Gate City Capital Management formally withdrew its four director nominees—Michael T. Melby, Nicholas J.
activistletters
Gate City Capital Withdraws Board Nominees at Saga Communications (SGA), Ends Proxy Contest Ahead of 2025 Annual Meeting
March 26, 2025
VIA EMAIL AND CERTIFIED MAIL
Corporate Secretary
Saga Communications, Inc.
73 Kercheval Avenue
Grosse Pointe Farms, Michigan
activistletters
Saga Communications (SGA) Gate City Capital Withdraws Board Nominees, Criticizes Digital Strategy and Governance
Summary
Gate City Capital Management withdrew its board nominees for Saga Communications' 2025 annual meeting, stating that continuing the
activistletters
Gate City Capital Criticizes Saga Communications (SGA) Over Digital Strategy Missteps and Withdraws Board Nominees
March 26, 2025
VIA EMAIL
Mr. Warren Lada
Saga Communications, Inc.
73 Kercheval Avenue
Grosse Pointe Farms, Michigan 48236
Dear
activistletters
Atea Pharmaceuticals (AVIR) Radoff-JEC Group Nominates Three Directors, Cites Stock Underperformance and Governance Failures
The Radoff-JEC Group Nominates Three Highly Qualified Candidates for Election to the Atea Pharmaceuticals Board of Directors
Issues Open Letter
activistletters
Oportun Financial (OPRT) Findell Capital Targets CEO Raul Vazquez and Lead Director Neil Williams, Nominates Two Lending Experts
Summary
Findell Capital, the largest shareholder of Oportun, plans to nominate two directors to replace CEO Raul Vazquez and Lead
activistletters
Findell Capital Management Issues Open Letter To Board And Shareholders Of Oportun Calling For Leadership Change
Announces Intent to Nominate Two Highly Qualified Director Candidates With Lending Experience to Replace CEO Raul Vasquez and Lead Director
