Activist Client Starboard Steps Up Efforts to Replace Board Members at Office Depot
The Wall Street Journal, Bloomberg, Fox Business, Reuters and other national media reported on Starboard’s announcement that it has filed preliminary consent materials with the SEC seeking to remove and replace up to four current Office Depot board members with its candidates. Starboard CEO Jeff Smith was interviewed live on CNBC from the Active-Passive Investor Summit on April 22nd about the recent developments at Office Depot. Starboard is the largest common shareholder of the company and has been urging Office Depot to revamp the board prior to completing its proposed merger with OfficeMax. Steve Wolosky, Andrew M. Freedman and Camielle N. Green represent Starboard in connection with its activist investment at Office Depot.