17.06.2024 03:50:55 - dpa-AFX: Activist Investor Starboard Urges Reform At Autodesk Amid $500 Mln Stake : Report

SAN RAFAEL (dpa-AFX) - Starboard Value, which holds a stake of about $500
million in Autodesk (ADSK), is advocating for reforms at the design-software
company, Wall Street Journal reported citing people familiar with the matter.

The report stated that Starboard recently engaged with Autodesk executives to
address concerns regarding the company's operations, corporate governance, and
its management of a recent accounting investigation that significantly impacted
the stock price.

The activist investor believes Autodesk should enhance its profit margins and
implement modifications to its board, according to the report.

Earlier this month, Autodesk concluded that there would be no restatement or
adjustment of financial statements following the audit committee's investigation
into the company's free cash flow and non-GAAP operating margin practices.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AUTODESK INC. 869964 Frankfurt 228,000 26.06.24 16:51:52 +4,250 +1,90% 228,250 228,800 226,450 223,750

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