activistletters
Askeladden Capital Targets AstroNova (ALOT) Governance After 50% Stock Decline, Nominates Turnaround-Focused Slate
Summary
In this letter, Samir Patel of Askeladden Capital Management (a 9.2% shareholder in AstroNova Inc.) criticized the company’
activistletters
Sherwood Group Presses Barnwell (BRN) for Board Overhaul—Cut Overhead, Curb Legal Spend, and Leverage $49M NOLs for Value Creation
Summary
In this letter dated April 2025, Ned L. Sherwood, Barnwell Industries’ largest shareholder (owning ~30%), urged stockholders to support
activistletters
Silver Star Properties (SLVS): Hartman Blasts Haddock’s “Failed New Direction Plan,” Cites $278M NAV Destruction and Mismanagement
Summary
In this letter, Al Hartman, former CEO of Silver Star Properties, accuses current leadership under Gerald Haddock of destroying
activistletters
Bradley L. Radoff Sent Letter to Atea’s Stockholders
Source:
https://www.sec.gov/Archives/edgar/data/1380585/000092189525000883/dfan14a09076068_03262025.htm
The Radoff-JEC Group Nominates Three Highly Qualified
activistletters
Autodesk (ADSK) Starboard Value Nominates Three Directors, Cites Long-Term Underperformance and Governance Failures
Summary
Starboard Value nominated three directors to Autodesk's board, citing long-term underperformance, misleading disclosures, and lack of board
activistletters
Saga Communications (SGA) Gate City Capital Withdraws Director Nominees, Ends Proxy Contest Plans
Summary
On March 26, 2025, Gate City Capital Management formally withdrew its four director nominees—Michael T. Melby, Nicholas J.
activistletters
Saga Communications (SGA) Gate City Capital Withdraws Board Nominees, Criticizes Digital Strategy and Governance
Summary
Gate City Capital Management withdrew its board nominees for Saga Communications' 2025 annual meeting, stating that continuing the
activistletters
Atea Pharmaceuticals (AVIR) Radoff-JEC Group Nominates Three Directors, Cites Stock Underperformance and Governance Failures
The Radoff-JEC Group Nominates Three Highly Qualified Candidates for Election to the Atea Pharmaceuticals Board of Directors
Issues Open Letter
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
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
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 &
activistletters
Barnwell Industries (BRN) Sherwood Group Launches Consent Solicitation, Seeks to Replace Board and End Entrenchment
Summary
Sherwood Group, owning 29.9% of Barnwell, seeks to remove the remaining board and install five new directors, citing
activistletters
Quanterix (QTRX) Kent Lake Capital Presses for Board Changes and Strategic Alternatives to Unlock Shareholder Value
Summary
Kent Lake Partners, owning ~7.5% of Quanterix, opposes the proposed merger with Akoya Biosciences. They argue the deal
activistletters
Dynavax (DVAX) Deep Track Capital Nominates Four Directors, Criticizes Costly Convertible Notes and Board Governance
Summary
Deep Track Capital, owning 14.34% of Dynavax, is nominating four directors to the board, citing poor capital allocation,
