Blog

Starboard's presentation is available for viewing at the following link and the full text of the letter to shareholders is included below. This website is for educational and/or entertainment purposes only. h�b```�6V y�A��X؀����E�E���Bc�d� CGc��C�N��:&_jo��6�U�R���ԟ�E�ݘ�V�{0�2�4�h��1�d`z�o�Y-Ȭ=�~O�t�� �s�#^N��­�|�C2�_c�V�-��N�Z�����N�\�j�3���Yv��L��'�Y4����%���1yr)� �s����K��8'����H6eN� We firmly believe that with the right Board in place overseeing a new plan, GCP can be a best-in-class company in its industry and generate significant value for all shareholders. 2Operating expense is not reported for the direct peers and as a result, Starboard uses parent company metrics. Importantly, we will follow through on meeting commitments made to you, the owners of the Company. All investments involve risk, including the risk of total loss. Starboard also announced today that it has delivered an open letter to GCP shareholders highlighting certain key features of its detailed presentation. 0 You can download a .pdf copy here. Operating expense at 27.9% of revenue - well above its direct peers at 19.3%. 1808 0 obj <>/Filter/FlateDecode/ID[<32C43057AA1D164C95F7F3F8862085E4>]/Index[1788 36]/Info 1787 0 R/Length 102/Prev 1413228/Root 1789 0 R/Size 1824/Type/XRef/W[1 3 1]>>stream NEW YORK, April 30, 2020 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of GCP Applied Technologies Inc. ("GCP" or the "Company")(NYSE: GCP), with an ownership interest of approximately 9% of the Company's outstanding shares, today announced that it has issued a detailed presentation titled "Transforming GCP Applied Technologies," outlining Starboard's views on GCP, the historical challenges that continue to plague the Company, opportunities to drive significant fundamental improvement through the implementation of a comprehensive turnaround plan, and details surrounding Starboard's slate of highly-qualified and experienced director nominees for election at GCP's upcoming 2020 Annual Meeting of Shareholders. Poor compensation and governance practices marked by conflicted directors who occupy all of the key leadership positions on the Board. 4 Please see our accompanying presentation: A Primer on Darden’s Real Estate Overview of Starboard Value LP Starboard Value LP is a deep value oriented investment firm that specializes in investing in underperforming companies and analyzing alternative strategies to unlock value … We, like you, believe that GCP is a great company with a bright future. We are confident that you will find the slate of professionals we have nominated for election at GCP's upcoming 2020 Annual Meeting of Shareholders (the "Annual Meeting") to be incredibly well-qualified to serve as directors of GCP. Executed four restructuring efforts in three years with poor results. This Presentation … Jeff Smith's activist firm Starboard Value is out with a presentation on their position in Darden Restaurants (DRI). Use this information at your own risk. Case for Urgent Change at GCP Includes: Details on the Significant Operating, Financial, and Stock Price Underperformance; GCP's Troubling History of Missed Expectations; Poor Compensation and Governance Practices; and Troubling Board Interconnects, Outlines Plan to Reinvigorate Growth, Improve Margins, and Drive Shareholder Value, Issues Letter Urging Shareholders to Support a Better Path Forward for GCP by Voting FOR Starboard's Slate of Experienced Nominees on Starboard's WHITE Proxy Card TODAY. Importantly, our nominees have the independence and objectivity required to make important decisions for the Company going forward and to instill accountability in the boardroom. We believe you will find our comprehensive presentation to be helpful in understanding the severity of the issues currently plaguing the Company and, importantly, the opportunities that are available to chart a new course for GCP and drive improved results going forward.

Girl Hangs Herself Graphic, Did Barry Goldberg Marry Lainey Lewis In Real Life, Lofa Tatupu Wife, Dereck Rodríguez Wife, Dolly Lil Uzi, David Hockney Quiz, Temporary Hedgehog House, How To Repair Hairline Cracks In Concrete Garage Floor, North West Corner Plot Vastu, Is Estelle Parsons Still Alive, A Large Underground Economy Results In An:, Stacy Sager Net Worth, Thesis On Multiple Sclerosis, Drake Hunt Club, Space Words That Start With M, Tony Hrkac Wife, How To Reset The Electronic Throttle Control Light, Jacquelyn Zook Husband, Gragas Jungle Path, Family Assessment Part 2 Essay, Dorian Gibbs Biography, Rescue Someone In Need Rdr2 Online, Twin Cow Names, Green Lychee Ripe, Thalia Now 2020, Lithgow Bayonet For Sale, Lgp Qua Age, Ames Tribune Classifieds, Code Momentum 2 Netflix, Usd Aeon 60, Blue Nose Rottweiler, Lisa Myers Clerisy, Nana Tome 22 Scan Vf, Adventures Of The Little Koala Dvd, Dworkin Law's Empire Summary, Forrest Tucker Smith, Biblical Meaning Of The Name Tatiana, Cod Attachments Stats, Car Accident Clearlake Ca, Suzuki Rv 90 Transmission Oil, Philip Roberts &yet, How Much Money Do You Start With In My Little Pony Monopoly, Infinity Clones Tik Tok Tutorial, Ms Hcde Capstone, Best Probiotic For Menopause Australia, Bachir Boumaaza Net Worth, Mookie Betts Parents, Outrage (2010) Full Movie, How To Tell If A Motor Is Thermally Protected, Is Bleach On Funimation, Go Diego Dailymotion, Funny Retirement Songs, Scope Medical Term, Ford Probe Engine Swap, Flamingo Phone Number Youtuber, Forrest Tucker Smith, Felicia Wiley Horowitz, Super Brainz Costume, Is Bobby Brown Still Married To Alicia, Kirk Home Center Cayman Jobs, Viu Web Series 18, Lucha Villa Husband, Robyn Alomar Age, Taboos In Iceland, A Man Like Putin, Van Halen Breakup, Amanda Starrantino Husband, Paris Morton Music, Rowan Biblical Name, Is Ethiopia 7 Years Behind, Colourpop Wholesale Usa, Nfs Heat Cheats, Dagestan Airlines Flight 372, Arbello Barroso Photo, Online Graph Paper With Axis, How To Clean Milky Quartz, Hippie Cat Names, What Happened To Alix Steel On Bloomberg ?, Scriptures About Breaking Generational Curses, Jackie Zebrowski Doug Austin, Albertsons Deli Chicken, Eh Yahweh Chords, Laver Rex Cornish, Clipperton Island Movie, Julia Agnes Washington, Laurel Hedge Yellow Leaves, Potomac Approach Live Atc, Wonder Woman Fabric, Gta 5 Rocket Bike, 50056 Sorry We Are Having A Service Interruption And We Are Unable To Complete Your Transaction, American Dad End Credits Guy, Secret Eaters Cancelled, Kyle And Jackie O Palestine,