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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

activistletters

Tripadvisor (TRIP) Faces Starboard Value Push to Unlock Hidden Value Through Divestitures and Profitability Improvements

Summary Starboard Value’s October 2025 presentation at the Active-Passive Investor Summit highlighted Tripadvisor, Inc. (NASDAQ: TRIP) as a deeply
Oct 21, 2025
activistletters

Starboard Value Calls for Strategic Overhaul at Tripadvisor (TRIP), Urging Sale of TheFork and Margin Boost at Viator

Company Name: Tripadvisor, Inc. Symbol: TRIP Filing Date: Oct-21-2025 Filer Name: Starboard Value LP. Download PresentationStarboard-trip-Oct-21-2025.pdf2 MBdownload-circle Source: https:
Oct 21, 2025
activistletters

Fluor Corporation (FLR) Faces Starboard Value Push for Strategic Overhaul, Highlighting Undervaluation and Capital Allocation Concerns

Summary Starboard Value’s October 2025 presentation at the Active-Passive Investor Summit highlighted Fluor Corporation (NYSE: FLR) as an undervalued
Oct 21, 2025
activistletters

Starboard Value Urges Fluor Corporation (FLR) to Unlock Value Through NuScale Stake Separation and Focus on Core EPCM Business

Company Name: Fluor Corporation Symbol: FLR Filing Date: Oct-21-2025 Filer Name: Starboard Value LP Download PresentationStarboard-Flour-Oct-21-2025.pdf2 MBdownload-circle Source: https:
Oct 21, 2025
activistletters

BILL Holdings (BILL) Faces Starboard Value Push for Stronger Margins and Governance Changes Following Cooperation Agreement

Summary Starboard Value’s October 2025 presentation at the Active-Passive Investor Summit focused on BILL Holdings, Inc. (NYSE: BILL), highlighting
Oct 21, 2025
activistletters

Starboard Value Presses BILL Holdings (BILL) to Boost Profitability and Achieve ‘Rule of 40’ Targets After Board Deal

Company Name: BILL Holdings, Inc. Symbol: BILL Filing Date: Oct-21-2025 Filer Name: Starboard Value LP Download PresentationStarboard-Bill-Oct-21-2025.pdf2 MBdownload-circle Source:
Oct 21, 2025
activistletters

Yunqi Capital calls for timely vote, blasts STAAR’s deal process and urges shareholders to vote AGAINST Alcon acquisition

Summary Yunqi Capital (5.1% holder) urges STAAR’s board to hold the special shareholder meeting on October 23, 2025
Oct 21, 2025
activistletters

Yunqi Capital — Chris Wang urges STAAR Surgical (STAA)board to hold Oct 23 special meeting, opposes Alcon merger over flawed sale process

Yunqi Capital Issues Letter to STAAR Surgical’s Board Calling for Timely Convening of the Special Meeting to Vote on
Oct 21, 2025
activistletters

Court denies Silver Star Properties (SLVS) attempt to block BLUE votes — Al Hartman presses shareholders to act before final deadline

Summary Al Hartman of the Hartman Shareholder Alliance urges shareholders to vote immediately, noting that Silver Star’s attempt in
Oct 21, 2025
activistletters

Al Hartman urges Silver Star Properties (SLVS) shareholders to vote BLUE after court rejects company’s bid to void proxy votes

Dear Shareholder, Tomorrow is the last day to vote. Silver Star was in court today attempting to void all blue
Oct 21, 2025
activistletters

Al Hartman blasts Silver Star Properties (SLVS) for repeated delays — frames fight as governance failure and blocked proxy fight for board control

Summary The Hartman Shareholder Alliance, led by Al Hartman, criticizes Silver Star for indefinitely postponing its shareholder meeting for the
Oct 21, 2025
activistletters

Silver Star Properties (SLVS) — Al Hartman (Hartman Shareholder Alliance) condemns sixth meeting postponement, demands shareholder vote on board nominees

Enough is Enough: The Pattern of Endless Delays October 20, 2025 Dear Shareholder, Silver Star has once again postponed the
Oct 21, 2025
activistletters

Al Hartman Blasts Silver Star (SLVS) Leadership Over Mismanagement, Foreclosures, and Shareholder Value Destruction

Summary Al Hartman, representing the Hartman Shareholder Alliance, urges shareholders to vote the BLUE card ahead of the upcoming meeting,
Oct 15, 2025
activistletters

Hartman Shareholder Alliance Urges Silver Star (SLVS) Investors to Vote for Board Change and Capital Return

Your Last Chance to Vote to Get Your Money Back October 14, 2025 Dear Shareholders, With the shareholder meeting rapidly
Oct 15, 2025
activistletters

Novavax (NVAX) Faces Pressure from Major Shareholder Shah Capital Over Strategic Missteps, Dilution, and Call for Company Sale

Summary Shah Capital, Novavax’s second-largest shareholder with a 7.2% stake, criticized the company’s persistent underperformance, citing repeated
Oct 14, 2025
activistletters

Shah Capital (7.2% Stakeholder) Urges Novavax (NVAX) to Launch Strategic Review, Citing Persistent Failures and Governance Breakdown

October 13, 2025 Board of Directors of Novavax Inc. 21 Firstfield Rd. Gaithersburg, MD 20878 Dear Directors, Shah Capital is
Oct 14, 2025
activistletters

Al Hartman Challenges Silver Star Properties’ (SLVS) Lawsuit Seeking to Invalidate Blue Proxy Votes and Postpone Annual Meeting

Summary Al Hartman and the Hartman Shareholder Alliance issued a letter accusing Silver Star Properties of hypocrisy for delaying its
Oct 10, 2025
activistletters

Hartman Shareholder Alliance Accuses Silver Star Properties (SLVS) of Using Legal Tactics to Void Votes and Delay Shareholder Meeting

Setting the Record Straight on Silver Star's Contradictory Actions October 10, 2025 Dear Shareholders, Contradiction: Audits vs. Legal
Oct 10, 2025
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