Activist Practice Negotiates 3 Board Seats for Starboard at Quantum Corporation
British technologies news website, The Register, and other media reported on the successful negotiation of a settlement by Olshan client Starboard Value with global expert in data protection and big data management, Quantum Corporation. Starboard’s CEO, Jeff Smith, will be appointed to the Board immediately and two additional Starboard nominees, Louis DiNardo and Philip Black, will be included on the Company’s slate for election at the upcoming annual meeting. Quantum has agreed not to increase the size of the Board above nine directors. Steve Wolosky, Andrew M. Freedman and Meagan M. Reda represented Starboard in connection with its investment in Quantum and the settlement negotiation.