activistletters
Starboard Value Urges CarMax (KMX) CEO Keith Barr to Improve Digital Experience, Cut SG&A, and Adopt Dynamic Pricing
CarMax Inc.
12800 Tuckahoe Creek Parkway,
Richmond, Virginia 23238
Attn: Keith Barr, Incoming President and Chief Executive Officer Cc: Board
activistletters
NorthStrive Fund Calls on Bluejay Diagnostics (BJDX) Board to Review RCC Drug Acquisition and $5M Financing Opportunity
Bluejay Diagnostics, Inc.
360 Massachusetts Avenue, Suite 203
Acton, MA 01720
March 11, 2026
Dear Members of the Board of
activistletters
NorthStrive Fund Urges Bluejay Diagnostics (BJDX) Board to Pursue Pipeline-Expanding Biotech Acquisition Opportunity
Bluejay Diagnostics, Inc.
360 Massachusetts Avenue, Suite 203
Acton, MA 01720
March 11, 2026
Dear Members of the Board of
activistletters
Braemar Hotels & Resorts (BHR) Faces Governance Scrutiny as Al Shams Investments’ Wafic Rida Saïd Warns Board Over Insider Fees and Potential $480M Termination Payment
Members of the Board of Directors
Braemar Hotels and Resorts
6 March 2026
Dear Directors,
I write as the beneficial
activistletters
Land & Buildings’ Jonathan Litt Targets First Industrial Realty Trust (FR) Board, Citing $15 Per Share Governance Discount
Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount
Contends that Board Entrenchment Is Costing Shareholders Approximately $15
activistletters
Starboard Value Urges Lamb Weston Holdings (LW) to Expand Cost Cuts and Review APAC Business in Strategic Letter
Lamb Weston Holdings, Inc.
599 S. Rivershore Lane
Eagle, Idaho, 83616
Attn: Mike Smith, Chief Executive Officer
CC:
Board of
activistletters
Voss Capital Urges PAR Technology (PAR) to Explore Strategic Alternatives Amid Valuation Disconnect in Public Software Markets
To The PAR Board,
We are writing as long-term shareholders of PAR Technology Corporation (“PAR” or the “Company”), which beneficially
activistletters
Voss Capital Urges Xponential Fitness (XPOF) to Explore Sale, Says Club Pilates Alone May Exceed Current Enterprise Value
The Time Has Come to Engage Financial Advisors to Explore a Sale of Xponential Fitness, Inc.
Dear Members of the
activistletters
First Industrial Realty Trust (FR) Targeted by Land & Buildings Activism Over Governance Failures and Persistent NAV Discount
Land & Buildings Issues Letter Detailing Why Change Is Needed at First Industrial
Realty Trust
Board Has Repeatedly Refused to
activistletters
Alaunos Therapeutics (NASDAQ: TCRT) Receives $7M Investment Proposal from Adrian Price Group with Board Seat Demand
Proposal to the Board of Directors of Alaunos Therapeutics (TCRT)
From: Adrian Price, on behalf of the shareholders set forth
activistletters
Galloway Capital Boosts Stake in Noodles & Company (NASDAQ: NDLS), Signals Confidence in Recovery and Strategic Review Potential
February 24, 2025
Joe Christina
President and Chief Executive Officer
Noodles & Company
520 Zang Street, Suite D
Broomfield, CO
activistletters
Empery Digital Inc. (EMPD) Shareholder Blasts Management Buyback Offer, Calls for CEO Ryan Lane Removal and Board Overhaul
February 23, 2026
To the Board of Directors of Empery Digital Inc.
I currently beneficially own 9.8% of Empery
activistletters
enVVeno Medical Corporation (NVNO) Pressured by Northstrive Fund II to Halt Clinical Spending and Explore Liquidation or Sale
enVVeno Medical Corporation
70 Doppler, Irvine, CA 92618
Attn: Robert A. Berman, Chief Executive Officer
February 20, 2026
Dear Mr.
activistletters
Innventure, Inc. (INV) Under Fire from Ascent Capital Partners Over Governance Failures and Capital Allocation Strategy
February 19th, 2026
Via Email and Certified Mail
Board of Directors
Innventure, Inc.
6900 Tavistock Lakes Blvd, Suite 400
Orlando,
activistletters
Starboard Value Pushes Riot Platforms (RIOT) to Accelerate AI/HPC Strategy Execution and Close Major Data Center Deals
Riot Platforms, Inc.
3855 Ambrosia Street, Suite 301
Castle Rock, CO 80109
Attention: Jason Les, Chief Executive Officer
Benjamin Yi,
activistletters
GSI Technology, Inc. (GSIT) Draws Galloway Capital Stake as Activist Flags Undervaluation and Strategy Gaps
GSI Technology, Inc.
1213 Elko Drive
Sunnyvale, California 94089
Attn: Lee-Lean Shu, President & Chief Executive Officer
Dear Mr. Shu:
activistletters
Tripadvisor, Inc. (TRIP) Faces Proxy Fight as Starboard Value Pushes Board Overhaul and Strategic Sale
Tripadvisor, Inc.
400 1st Avenue
Needham, Massachusetts 02494
Attn: Greg Maffei, Chairman
Matt Goldberg, Chief Executive Officer
Board of Directors
activistletters
Jack in the Box, Inc. (JACK) Faces Governance Clash as Biglari Capital Challenges Board Leadership and Chairman Accountability
Company Name: Jack in the Box Inc.
Symbol: JACK
Filing Date: Feb-09-2026
Filer Name: Biglari Capital Corp
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