Starboard Value takes about $500 million stake in Autodesk, WSJ reports
Starboard thinks the company should improve its margins and make changes to its board, the report said, adding that the activist investor met with Autodesk executives in recent weeks to discuss concerns related to the company's operations, corporate governance and the handling of a recent accounting probe that tanked the stock. Starboard criticized Autodesk in private conversations with the company for not disclosing the investigation and other material updates until after the company's window for shareholders to nominate director candidates closed in late March, according to the report. It is considering taking legal action to ask for Autodesk's director nomination window to be reopened and for the design-software maker's annual shareholder meeting, currently set for July 16, to be delayed, the report added.
