Box Inc rejects Starboard's allegations made against company's board [Reuters]
Box, Inc. Class A (BOX)
Last box, inc. class a earnings: 2/26 04:05 pm
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Source: Reuters
Box Inc rejects Starboard's allegations made against company's board By Reuters Staff 2 Min Read June 4 (Reuters) - Box Inc on Friday rejected activist investor Starboard Value LP’s allegations against the cloud service provider’s board, adding to a prolonged tussle between the two. Starboard, which owns over 8% of Box, had earlier said the company failed to capitalize on the work-from-home trend during the pandemic, falling behind its cloud computing peers. Ever since, the hedge fund has been pushing Box to bring changes to its board. Last month, Starboard asked for access to Box’s books and records to check for any potential breach of fiduciary duties by board members in connection with the company’s review of strategic options, particularly its $500 million investment deal with private equity firm KKR & Co in April. The KKR deal marked an end to Box’s strategic review. Prior to the deal, Box was exploring a sale amid pressure from Starboard over its stock performance, Reuters repo
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News
- Box, Inc. (NYSE: BOX) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Bulletproof, Global Brand Agency, Chooses Box for Cloud Content ManagementBusiness Wire
- Box Named a 2024 Fortune® 100 Best Companies to Work For® [Yahoo! Finance]Yahoo! Finance
- Box Named a 2024 Fortune® 100 Best Companies to Work For®Business Wire
- Box (BOX) Down 6% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
BOX
Earnings
- 3/5/24 - Beat
BOX
Sec Filings
- 4/15/24 - Form C-TR
- 4/15/24 - Form C-AR
- 4/11/24 - Form 4
- BOX's page on the SEC website