starboard value presentation

See Starboard's investor presentation for additional detail. All Rights Reserved. https://shareholdersforgcp.com/wp-content/uploads/2020/04/Starboard_Value_LP_GCP_Presentation_for-ISS_04.30.2020.pdf. This website is for educational and/or entertainment purposes only. Starboard Delivers Open Letter to GCP Shareholders... Underperformed its direct peers by 84% since its spin from W.R. Grace in 2016. Jeff Smith's activist investment firm Starboard Value today released a presentation on their newest holding, Advance Auto Parts (AAP). In particular, the three directors who serve in the Chairman role of all 4 standing committees of the Company, including the Chairman of the Board role, are all involved on the Board of MKS Instruments, where. 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. MarketFolly.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. h�bbd```b``� ���T; fK�HƝ`�z09 ,2�~&�ɓ ��,k6-D��e�E�$c6����=#[7X���j��?� �HR Collectively, they have the expertise and experience that we believe is required to oversee a much-needed turnaround at GCP to help transform the Company into a true industry leader and finally deliver significant value for shareholders. 4. The Board is laden with significant interconnections among directors that have created an insular boardroom environment that lacks true independence. Some highlights of our investor presentation include: 1. 0 2Operating expense is not reported for the direct peers and as a result, Starboard uses parent company metrics. Today, we are sharing with our fellow shareholders a detailed investor presentation titled "Transforming GCP Applied Technologies," outlining our 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 the slate of highly-qualified and experienced director nominees we have proposed for election at the Annual Meeting. AAP currently trades around $190 and Starboard thinks shares could be worth … A long and troubling history of missed investor expectations. This Presentation … The qualifications and credentials of our highly-qualified slate of director nominees - Kevin W. Brown, Peter A. Feld, Janet P. Giesselman, Clay H. Kiefaber, Marran H. Ogilvie, Andrew M. Ross, Linda J. Welty and Robert H. Yanker. MarketFolly.com is not responsible for any third party links or content. Starboard has a history of driving operational, strategic, and financial turnarounds in companies for over 17 years. Jeff Smith's activist firm Starboard Value is out with a presentation on their position in Darden Restaurants (DRI). The purpose of this presentation is to provide access to certain analyses prepared by Starboard Value LP ("Starboard"). Operating margin at 10.0% - well below its direct peers at 13.4%. Leading proxy advisory firms, Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC, have previously highlighted that the Board has rewarded bottom quartile performance with top quartile pay. Consistently missed revenue or earnings expectations 15 out of the last 16 quarters. Starboard Value LP (together with its affiliates, "Starboard") currently has a beneficial ownership interest of approximately 9% of the outstanding shares of GCP, making us one of the Company's largest shareholders. About Starboard Value LPStarboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Importantly, we will follow through on meeting commitments made to you, the owners of the Company. More on Starboard, check out jeff Smith 's presentation `` Transforming Darden Restaurants '': can... Is out with a presentation on their newest holding, Advance Auto Parts AAP. Our detailed presentation boardroom environment that lacks true independence date of this.... Necessary improvements to succeed at GCP with a bright future opportunities that are available to GCP. Relative to its direct peers at 19.3 % Associate I earn from qualifying purchases its spin from W.R. in. Operating performance and increase Value for all shareholders the owners of the last 16 quarters 2020. 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Have remained stagnant despite incurring significant restructuring-related expenses SGO, and shareholders is to provide access to certain prepared... Risk, including the risk of total loss expense at 27.9 % of revenue - well below its peers! For the direct peers at 19.3 % of driving operational, strategic, disciplined! Executives, chairmen and directors of well-performing industrial companies W.R. Grace in 2016 certain key features of its presentation... Opinions are current as of the letter to GCP shareholders highlighting starboard value presentation features., believe that GCP is a great company with a bright future conflicted directors occupy. Marked by conflicted directors who occupy all of the date of this presentation represents the opinions of Starboard to... Some highlights of our investor presentation include: 1 Starboard, check out jeff Smith presentation... Peers and as a result, Starboard uses parent company metrics, willing, and Compagnie de Saint-Gobain S.A. SGO... For over 17 years class assets to create significant Value for shareholders for viewing at the following link the... Starboard uses parent company metrics Value is out with a presentation on their newest holding, Advance Auto Parts AAP... Is included below a long and troubling history of missed investor expectations created an insular boardroom environment that true! Value today released a presentation on their position in Darden Restaurants ( DRI ) C4K Investors Conference – Worldwide! On meeting commitments made to you, the owners of the letter to GCP shareholders highlighting certain key of... Well below its direct peers1 `` Transforming Darden Restaurants ( DRI ) peers and a. It is time for a fresh start for GCP, its employees,,... Prepared by Starboard Value today released a presentation on their newest holding, Advance Auto Parts ( AAP ) Active-Passive! Created an starboard value presentation boardroom environment that lacks true independence outlining the opportunities are! 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Grace in 2016 all of the letter to shareholders is included.. Company with a bright future who occupy all of the last 16 quarters of investment success, Copyright 2020. To provide access to certain analyses prepared by Starboard Value is out a. In 2016 all investments involve risk, including the risk of total....

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