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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

activistletters

Hartman Group Urges Silver Star Properties REIT (SSSS) Shareholders to Back Capital Return Plan, Citing Mismanagement and Dilution Risks

Summary In its June 12, 2025 letter, the Hartman Group urged Silver Star Properties shareholders to vote for its director
Jun 12, 2025
activistletters

Hartman Group Accuses Silver Star Properties REIT (SSSS) Board of Misleading Shareholders, Disputes Consent Vote Results and Calls for Change

Summary In a June 9, 2025 letter, Al Hartman accused Silver Star Properties’ Board of legal violations and misleading shareholders
Jun 12, 2025
activistletters

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

Summary In a June 10, 2025 letter, Al Hartman of the Hartman Shareholder Alliance blamed Silver Star Properties’ collapse in
Jun 12, 2025
activistletters

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

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

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

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

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

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

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

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

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

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

Askeladden Capital Presses AstroNova (ALOT) on Governance Failures and Nominates Five Directors Amid MTEX Deal Fallout

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

Marlton Partners Presses 180 Degree Capital (TURN) to Set Record Date, Citing Governance Failures and Mount Logan Deal Delays

Summary On June 3, 2025, Marlton Partners, owning 5.2% of 180 Degree Capital (TURN), issued a letter demanding the
Jun 3, 2025
activistletters

Hartman Group Urges Overhaul at Silver Star Properties (SILV), Citing 66% Stock Decline, Governance Failures, and Capital Mismanagement

Summary On June 2, 2025, Allen R. Hartman issued a letter criticizing Silver Star’s board and management for poor
Jun 3, 2025
activistletters

Hartman Group Challenges Silver Star Properties (SILV) Board, Seeks Stockholder Support to Elect New Directors and Pursue Liquidation Strategy

Summary Allen R. Hartman and his affiliates, owning 7.76% of Silver Star Properties REIT, are seeking shareholder support to
Jun 3, 2025
activistletters

Galloway Capital Urges Babcock & Wilcox (BW) to Unlock Shareholder Value, Citing Undervaluation and AI-Driven Growth Tailwinds

Summary Galloway Capital, owning 4.31% of Babcock & Wilcox (B&W), believes the company is significantly undervalued and
Jun 2, 2025
activistletters

Al Hartman Urges Silver Star Properties (SLVS) Shareholders to Support Takeover Bid, Blasts Current Leadership for $278M NAV Decline and Mismanagement

Summary In a July 2025 letter, Al Hartman urged Silver Star Properties shareholders to support his proxy campaign to take
May 28, 2025
activistletters

Van Herk Investments Pressures ProQR Therapeutics (PRQR) to Withdraw Board Reappointments, Citing Governance Violations and Poor Performance

Summary On July 3, 2025, Van Herk Investments (VHI), holding over 10% of ProQR Therapeutics, sent a letter to the
May 28, 2025
activistletters

Galloway Capital Threatens Legal Action Against Weight Watchers (WGHTQ) Over Bankruptcy Plan That Wipes Out Shareholders

Summary On July 2025, Galloway Capital Partners announced it is considering legal action against WW International (OTCPK: WGHTQ), its board,
May 22, 2025
activistletters

Sherwood Group Slams Barnwell Industries (BRN) for Governance Failures and Ongoing Losses, Urges Shareholder Support for Board Overhaul

Summary On May 19, 2025, the Sherwood Group, which owns ~29.9% of Barnwell Industries, issued a letter condemning the
May 19, 2025
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