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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

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

Dear AstroNova stakeholders: I write to you as the founder and portfolio manager of Askeladden Capital (collectively, “we,”) which is
Jun 3, 2025
activistletters

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

Item 1: On June 3, 2025, Marlton and its affiliates issued the following press release and public letter to shareholders:
Jun 3, 2025
activistletters

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

On June 2, 2025, the Hartman Group distributed the following letter to shareholders: June 2, 2025 To Our Fellow Shareholders
Jun 3, 2025
activistletters

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

Dear Fellow Stockholders: Allen R. Hartman, director of Silver Star Properties REIT, Inc. (the “Company” or “Silver Star”), and certain
Jun 3, 2025
activistletters

Ortelius Pressures Brookdale (BKD) Over Governance and Strategy, Urges Shareholders to Back Board Change

Company Name: Brookdale Senior Living Inc. Symbol: BKD Filing Date: Jun-03-2025 Filer Name: Ortelius Advisors, L.P. Download PresentationOrtelius-Brookdale-Jun-03-2025.pdf14
Jun 3, 2025
activistletters

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

June 2, 2025 Babcock & Wilcox Enterprises, Inc. 1200 E. Market Street, Suite #650 Akron, OH 44305 Attn: Kenneth M.
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

Dear Shareholders, Our vision is to take the Silver Star Properties REIT, Inc. (the “Company”) over before the current Directors
May 28, 2025
activistletters

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

Dear members of the Board, As you know, Van Herk Investments B.V. (" VHI" or "we"
May 28, 2025
activistletters

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

Galloway Capital Partners Considering Legal Action Against Management and Board of Weight Watchers International, Inc. MIAMI--(BUSINESS WIRE)--Galloway Capital
May 22, 2025
activistletters

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

Governance Spin Can’t Hide Underperformance at Barnwell Industries, Inc. Vero Beach, Florida, May 19, 2025 – The Sherwood Group, a
May 19, 2025
activistletters

Sherwood Group Rallies Barnwell Industries (BRN) Shareholders, Claims Strong Support for Board Overhaul Ahead of Annual Meeting

Barnwell Shareholders Demand Change: Sherwood Group Nominees Lead with Overwhelming Support Ahead of Annual Meeting ● Over 40% of Outstanding Shares
May 19, 2025
activistletters

Mason Capital Urges SEC Probe into ISS, Glass Lewis Recommendations on JBS (JBSS3.SA) U.S. Listing Proposal

Michael E. Martino Founder and Principal Mason Capital Management LLC May 15, 2025 Chair U.S. Securities and Exchange Commission
May 15, 2025
activistletters

HG Vora Calls for Overhaul at PENN Entertainment (PENN), Citing Years of Underperformance and Board Entrenchment

Dear Fellow PENN Shareholders, HG Vora Capital Management, LLC (together with its affiliates, “HG Vora,” “we” or “us”) is one
May 13, 2025
activistletters

Beaver Hollow Wellness Unveils S.A.V.E. Plan, Urges Servotronics (SVT) Shareholders to Back Board Overhaul Amid Financial Crisis

Company Name: Servotronics Inc Symbol: SVT Filing Date: May-13-2025 Filer Name: Beaver Hollow Wellness, LLC Download PresentationBeaver-Servotronics-May-13-2025.pdf4 MBdownload-circle Source:
May 13, 2025
activistletters

Dynavax Technologies (DVAX): Deep Track Capital Pushes Board Refresh, Calls for Heplisav Growth and Share Buybacks

Source: https://www.sec.gov/Archives/edgar/data/1029142/000119312525117792/d833627ddfan14a.htm
May 12, 2025
activistletters

H Partners Urges Harley-Davidson (HOG) Shareholders to Withhold Votes Against Zeitz, Linebarger, and Levinson After $6B Value Destruction

Company Name: Harley-Davidson, Inc. Symbol: HOG Filing Date: May-12-2025 Filer Name: H Partners Management, LLC Download PresentationHarley-H Partners-May-12-2025.pdf4 MBdownload-circle
May 12, 2025
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