activistletters
NMM Investor (7.2%) Pressures Navios Maritime Partners (NMM) to Remove Anti-Takeover Provisions, Accelerate Buybacks, and Pursue Sale Near $150 NAV
Summary
An NMM unitholder with a 7.2% stake issued a fresh 13D update criticizing Chair/CEO Angeliki Frangou for
activistletters
Sardar Biglari (13-Year Investor) Presses Cracker Barrel (CBRL) to Add Turnaround Expertise, Slams $700M Remodel Plan and 70% Shareholder Losses
Summary
Sardar Biglari is urging Cracker Barrel shareholders to vote the GOLD card for himself and Milena Alberti-Perez, arguing the
activistletters
Murchinson (7.1%) Presses Nano Dimension (NNDM) for Board Change, Blasts Yoav Stern’s Value-Destructive M&A, Cash Burn, and Poison Pill
Summary
According to Murchinson’s November 13, 2024 presentation, the fund urged shareholders to back its nominees at Nano Dimension’
activistletters
Steel Connect Proposes $162M Financing to DMC Global (BOOM), Seeks Board Seats and End to Poison Pill Amid Arcadia Put Option Overhang
Summary
Steel Connect, a significant investor in DMC Global, sent a proposal to the Board outlining concerns over poor results,
activistletters
Al Shams (9.8%) Signals Possible Proxy Fight at Braemar (BHR), Slams Monty Bennett Conflicts and Soaring Fees to Ashford Entities
Summary
Al Shams Investments, a 9.8% holder of Braemar, warned fellow stockholders of severe governance failures tied to Chairman
activistletters
Moe Shaltout & Ravi Desai Join Pacific Coast Oil Trust (ROYTL) Unitholder Revolt, Target PCEC and Trustee Over Alleged Mismanagement and ARO Manipulation
Summary
Moe Shaltout and Ravi Desai, fellow unitholders of Pacific Coast Oil Trust, accuse operator PCEC and Trustee Sarah Newell
activistletters
Oaktree Capital (7.5%) Pressures Indivior (INDV) on Strategy, Cost Structure, and Brixadi Threat After 50% Stock Drop
Summary
Oaktree Capital, a 7.5% shareholder in Indivior, sharply criticized the company’s collapsing share price and repeated strategic
activistletters
Biglari Capital Challenges Cracker Barrel (CBRL) Transformation Plan, Calls Out Value Destruction and Pushes for Boardroom Change
Summary
Biglari Capital is urging Cracker Barrel shareholders to vote for its nominees—Sardar Biglari, Milena Alberti-Perez, and Michael Goodwin—
activistletters
Salesforce (CRM): Starboard Value Highlights Governance and Capital Allocation Gains, Pushes for Rule of 50 by 2028
Summary
Starboard’s October 2024 Pfizer presentation argues that while Pfizer played a historic role in ending the COVID-19 pandemic
activistletters
Starboard Value Sees Kenvue (KVUE) Undervalued, Urges Stronger Execution and Margin Recovery to Unlock Shareholder Value
Summary
Starboard’s October 2024 Kenvue presentation argues that the company owns one of the strongest consumer health brand portfolios
activistletters
Starboard Value Sees Salesforce (CRM) Undervalued, Urges Efficiency, Margin Expansion, and Shareholder Value Focus
Summary
Starboard’s October 2024 presentation highlights Salesforce’s sharp margin expansion—over 1,000 basis points since FY2023—leading
activistletters
Osmium Partners Supports Kirkland’s (KIRK) Beyond Deal, Endorses Convertible Loan and Equity Subscription Plan
Summary
Osmium Partners wrote to Kirkland’s, Inc. supporting its $17 million financing deal with Beyond, Inc., which includes an
activistletters
Murchinson Pressures Nano Dimension (NNDM) Board on AGM Timing, Seeks Director Changes and Shareholder Approval Safeguards
Summary
Murchinson, one of Nano Dimension’s largest shareholders, sent an urgent letter reminding the board that the company must
activistletters
Cracker Barrel (CBRL): Biglari Capital Blames Board for $2.9B Value Loss, Seeks Turnaround and Director Seats
Summary
Biglari Holdings, owning 9.3% of Cracker Barrel, blasted the board for destroying over $2.9 billion in shareholder
activistletters
TAFE presses AGCO (AGCO) for governance overhaul, capital allocation discipline, and a strategic transformation with new independent directors
Summary
TAFE, AGCO’s largest shareholder (16.3%), says years of strategic missteps and weak execution under Chair/CEO Eric
activistletters
Southwest Airlines (LUV): Elliott Management Seeks Special Meeting, Slams Board Over “False Record Dates” and Failed Leadership
Summary
Elliott Investment Management, Southwest Airlines’ largest outside shareholder, announced it will formally call a special meeting in the coming
activistletters
Comtech (CMTL): Activists Nominate Eight Directors, Push for CEO & COO Search and Strategic Review of 911 Public Safety Unit
Summary
An activist group of former Comtech leaders has issued an open letter urging stockholders to support a new slate
activistletters
CarParts.com (PRTS): Co-Founder Mehran Nia Warns of Bankruptcy Risk, Offers 15–20% Capital Infusion and Board Challenge
Summary
Mehran Nia, co-founder and former CEO of CarParts.com, sent a forceful follow-up letter to the board, shareholders, and
