NEW YORK, May 10, 2021 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest stockholders of Box, Inc. ("Box" or the "Company") (NYSE: BOX), with an ownership interest of approximately 8% of the Company's outstanding shares, today announced in an open letter to Box stockholders that it has nominated a slate of highly qualified director candidates for election to Box's Board of Directors at the Company's 2021 Annual Meeting of Stockholders.
The full text of Starboard's open letter to Box stockholders follows and can also be viewed at the following link:https://www.starboardvalue.com/wp-content/uploads/Starboard_Value_LP_Nomination_Letter_to_BOX_Stockholders_05.10.2021.pdf
A LETTER TO THE STOCKHOLDERS OF BOX, INC.
May 10, 2021
Dear Fellow Stockholders,
Starboard Value LP (together with its affiliates, "Starboard" or "we") currently owns approximately 8.0% of the outstanding common stock of Box, Inc. ("Box" or the "Company"), making us one of the Company's largest stockholders. We have been stockholders for over two years, and our interests are directly aligned with yours. Our goal is to help drive significant value creation for the benefit of all Box stockholders following years of substantial underperformance.
Starboard has a long and successful history of investing in underperforming companies in the technology sector and helping these companies to drive significant operational, financial, and strategic improvements. We originally invested in Box due to the Company's strong market position as the best-of-breed solution in cloud content managem ..
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