Issues Letter to Autodesk’s Board to Note Investors’ Dissatisfaction with the Company’s Inadequate Response to its Recently Disclosed Governance and Disclosure Issues
Highlights the Overwhelmingly Positive Reaction to Starboard’s Involvement, with the Investment Community Sharing Our View Regarding the Need to Improve Autodesk’s Operational Performance, Governance, and Oversight
Looks Forward to Continued Engagement with Fellow Shareholders and Remains Open to a Constructive Dialogue with the Board Regarding the Significant Value Creation Opportunity at Autodesk
Starboard Value LP, a significant shareholder of Autodesk, Inc. (Nasdaq: ADSK) (“Autodesk” or the “Company”), today issued a letter to the Company’s Board of Directors (the “Board”) urging Autodesk to heed mounting calls for enhanced governance, transparency, and operational execution.
The letter can be accessed at https://www.starboardvalue.com/presentations.
About Starboard Value LP
Starboard Value LP is an investment adviser with a focused and differentiated fundamental approach to investing in publicly traded companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240625858144/en/
Contacts
Investor Contacts:
Peter Feld, (212) 201-4878
Gavin Molinelli, (212) 201-4828
www.starboardvalue.com
Media Contacts:
Longacre Square Partners
Greg Marose / Charlotte Kiaie, (646) 386-0091
starboard@longacresquare.com
