The 13D Report
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activismweekly

13D weekly report - Mar 17, 2025 to Mar 21, 2025

Table of content Anson Funds Announces Boardroom Challenge at Match Group (MTCH) Key Summary: On March 11, 2025, Anson Funds
activistcompany

Stockholders elected each of the Company’s five director nominees to the Board of Sonim Technologies, Inc (SONM)

Key Summary: On March 21, 2025, AJP Holding and Orbic North America announced plans to nominate five candidates for the
activistcompany

Lynrock Lake Engages Board on Stock Undervaluation and Strategic Initiatives at Teradata Corporation (TDC)

Key Summary: On March 21, 2025, Lynrock Lake (9.9%) discussed the stock's undervaluation with the board, advocating
activistcompany

Cannae (CNNE) announces preliminary results of 2025 Annual Meeting of Shareholders

Key Summary: On March 20, 2025, Carronade Capital announced it would nominate four director candidates for Cannae’s 2025 Annual
activistcompany

Engine Capital reached cooperation agreement with Civeo Corp (CVEO)

Key Summary: On March 18, 2025, Engine Capital urged Civeo's Board to boost shareholder value by eliminating the
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

Cannae Holdings (CNNE) Carronade Capital Nominates Four Directors, Cites Underperformance and Governance Failures

Summary Carronade Capital, a top-five shareholder of Cannae Holdings, is pushing for major changes due to poor shareholder returns, weak
activistletters

Civeo Corporation (CVEO) Engine Capital Urges Buyback or Sale, Cites Deep Undervaluation and Poor Returns

Summary Engine Capital, owning 9.8% of Civeo, urged the company to unlock value by eliminating the dividend, launching a
activistcompany

Vivo Capital Defends Voting Rights, Supports SAIF Slate in Sinovac (SVA) Governance Battle

Key Summary: Between February and July 2025, SAIF Partners and allies including Vivo Capital and Advantech Capital pushed to replace
activistletters

Autodesk (ADSK) Starboard Value Presses for Board Change, Criticizes Misleading Guidance and Missed Targets

Summary Starboard Value criticizes Autodesk for long-term underperformance, missed targets, and weak governance. It questions why FY2026 margin guidance reflects
activistcompany

Veradigm Inc. (MDRX) Appoints Jonathan Sacks of Stonehill to Board

Key Summary: On March 18, 2025, the board appointed Jonathan Sacks, a partner at Stonehill to the Board Market Cap:
activistcompany

Radoff/Torok Group reached an agreement with Alto Ingredients, Inc. (ALTO)

Key Summary: On March 17, 2025, Bradley L. Radoff and Michael Torok (the "Radoff/Torok Group") reached an
activistcompany

Late Apex Partners Issues Second Letter to Vail Resorts, Inc. (MTN)

Key Summary: On January 27, 2025, Late Apex Partners criticized Vail Resorts' performance under CEO Lynch, urging leadership changes
activistcompany

AstroNova (ALOT) Appoints Shawn Kravetz to the Board pursuant to the agreement with Askeladden Capital Management

Key Summary: On March 17, 2025, Askeladden Capital Management (9.3%) expressed disappointment in the company's performance and
activistletters

Lifeway Foods (LWAY) Edward & Ludmila Smolyansky Seek Full Board Overhaul After Danone Lawsuit, Challenge CEO Payouts

Summary Edward and Ludmila Smolyansky, owning 27.4% of Lifeway, call for a full board overhaul, citing the Board’s
activistletters

Lifeway Foods (LWAY) Edward Smolyansky Nominates Seven Directors, Seeks CEO Julie Smolyansky’s Removal and Strategic Review

Summary Edward Smolyansky notified Lifeway Foods of his intent to nominate seven directors at the 2025 Annual Meeting, including himself
activistletters

Late Apex Partners Targets Vail Resorts (MTN) Governance, Presses for Reset and Refocus Amid Declining Performance

Summary Late Apex Partners’ March 17, 2025 letter to Vail Resorts’ board renews its call for a wholesale “Reset &
activismweekly

13D weekly report - Mar 10, 2025 to Mar 14, 2025

Table of content Vision One Fund Criticizes Ingevity (NGVT) Board, Proposes Governance Changes and Strategic Shift Key Summary: On February