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Starboard Puts Forth Box Board Slate Saying Promises Unkept

  • Activist investor nominates four directors for three seats
  • Cloud software firm says further changes to board not needed
Box Inc. Chief Executive Officer Aaron Levie Interview
Photographer: David Paul Morris/Bloomberg
Updated on

Activist investor Starboard Value has nominated a minority slate for the board of Box Inc. that will pit its nominees against Chief Executive Officer Aaron Levie and two other directors seeking re-election this year.

Starboard said in a letter to the software company’s shareholders it’s put forth four directors for the three seats to be voted on. The additional nominee will give Starboard some flexibility if Box expands the number of seats up for grabs ahead of the annual general meeting.