activistletters
CarParts.com (PRTS): Co-Founder Mehran Nia Plans Board Challenge, Signals Intent to Nominate Director Slate at 2025 AGM
Summary
On April 15, 2024, CarParts.com co-founder and former CEO Mehran Nia issued a public letter to the board
activistletters
Mehran Nia letter to the Board of Directors of CarParts.com, Inc.
Mehran Nia letter to the Board of Directors of CarParts.com, Inc.
Dear Board of Directors of CarParts.com, Inc.
activistletters
Mehran Nia, Former CEO of CarParts.com (PRTS), Seeks Return via Board Nominations After Stock Collapse
Summary
Mehran Nia, co-founder and former CEO of CarParts.com, has notified the board of his intent to nominate himself
activistletters
Starboard Value Pressures News Corp (NWSA) Board to Eliminate Dual-Class Structure, Citing Governance Risks and Shareholder Discount
Summary
Starboard Value, a major shareholder of News Corp, issued a letter urging investors to support its proposal at the
activistletters
Politan Presses Masimo (MASI) Investors to Back Board Change, Citing Centerview Warning on Consumer Spinoff and Kiani’s Entrenchment
Summary
Politan Value reiterated to Masimo shareholders that voting for both of its nominees – Darlene Solomon and Bill Jellison – is
activistletters
Autodesk (ADSK) Faces Starboard Value Criticism for Shareholder Underperformance, Compensation Practices, and Misleading Disclosures
Summary
GAMCO Asset Management, holding 8.3% of Dril-Quip, wrote to Chairman John V. Lovoi stating it will vote against
activistletters
Bitfarms (BITF): Riot Reduces Board Slate to Two Nominees, Warns Against Entrenchment and $175M Stronghold Deal
Summary
Riot, Bitfarms’ largest shareholder with 19.9%, urged further boardroom change ahead of the October 29 special meeting, reducing
activistletters
Hoche Partners Pressures Procaps (PROC) Board Over Accounting Concerns, Auditor Distrust, and Lack of Transparency
Summary
Hoche Partners Pharma Holding sent a strongly worded letter to Procaps’ board on September 3, 2024, criticizing management for
activistletters
Value Base (9.3% Holder) Pushes Cognyte Software (NASDAQ: CGNT) to Oust Chairman Shanks Over Governance and Compensation Failures
Summary
Value Base, the largest shareholder of Cognyte Software (CGNT) with a 9.3% stake, issued a presentation criticizing the
activistletters
Elliott Investment Management Presses Southwest Airlines (NYSE: LUV) for Leadership Overhaul, Board Refresh, and Comprehensive Strategy Shift
Summary
Elliott Investment Management, one of Southwest Airlines’ largest shareholders, blasted years of mismanagement by Executive Chairman Gary Kelly and
activistletters
GAMCO (8.3% Holder) Opposes Dril-Quip (NYSE: DRQ)–Innovex Merger, Citing Governance Risks and Shareholder Value Erosion
Summary
GAMCO Asset Management, holding 8.3% of Dril-Quip (NYSE: DRQ), announced it will vote against the proposed merger with
activistletters
Value Base (9.3% Holder) Urges Cognyte Software (NASDAQ: CGNT) Shareholders to Elect Tal Yaacobi and Reject Earl Shanks, CEO Pay Plan
Summary
Value Base, Cognyte’s largest shareholder with 9.3% ownership, is urging investors to vote FOR Tal Yaacobi’s
activistletters
GAMCO (8.3% Holder) Opposes Dril-Quip (NYSE: DRQ)–Innovex Merger, Flags Governance Issues and Shareholder Value Destruction
Summary
GAMCO Asset Management, holding 8.3% of Dril-Quip (NYSE: DRQ), announced it will vote against the proposed merger with
activistletters
GAMCO (8.3% Holder) Opposes Dril-Quip (NYSE: DRQ)–Innovex Merger, Citing Offshore Dilution, Debt Load, and Value Destruction
Summary
GAMCO Asset Management, holding 8.3% of Dril-Quip, wrote to Chairman John V. Lovoi stating it will vote against
activistletters
Southwest Airlines (LUV) Targeted by Elliott’s $1.9B Activist Campaign, Citing Poor Execution and Need for Strategy Shift
Summary
Elliott Management, with an 11% stake in Southwest Airlines, is demanding urgent leadership and board changes after years of
activistletters
Southwest Airlines (LUV) Faces Elliott’s Push for Leadership Change After Revenue Cuts, Poison Pill, and Shareholder Backlash
Summary
Elliott Management reiterated its demand for leadership change at Southwest Airlines, stressing that shareholder, analyst, employee, and pilot union
activistletters
Elliott Investment Pushes for Leadership and Board Overhaul at Southwest Airlines (LUV) Amid Strategy and Governance Failures
Summary
The Elliott presentation “Stronger Southwest” argues that Southwest Airlines has lost its edge due to outdated strategy, weak leadership,
