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Stock impact report

Symantec makes deal with Starboard for new board members [MarketWatch]

SYMANTEC (SYMC) 
Last symantec earnings: 8/8 04:19 pm Check Earnings Report
Company Research Source: MarketWatch
Symantec makes deal with Starboard for new board members Symantec Corp. SYMC, -1.15% announced Monday afternoon that it had reached a deal with activist investor Starboard Value LP for new board members. Symantec appointed three new directors, including Starboard managing member Peter Feld, to the board, and said it would negotiate with Starboard for one more member to be named after its annual meeting. Starboard had challenged Symantec by nominating five directors for a vote at the security-software company's annual meeting. Symantec said two directors, Steve Miller and Gerry Laybourne, will not stand for re-election at the annual meeting, and the board would eventually have 13 members after the pending appointment. Also named to the board Monday were former McAfee executive Dale Fuller and former Novellus Systems Inc. Chief Executive Richard Hill. Symantec stock has struggled since the company disclosed an investigation into whistleblower claims about its finances in May. The sto Show less Read more
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