Autodesk, Inc. responds to a letter from Starboard Value LP, stating that they welcome input from shareholders and will carefully review Starboard’s letter. The company’s bylaws include a period for shareholders to submit proposals and director nominations, which closed on March 23, 2024, with no submissions received.
Starboard’s request to re-open the advance notice period was denied by Autodesk’s Board, who determined it was not in the best interest of the company or its shareholders. The annual meeting is scheduled to proceed on July 16, 2024.
Autodesk highlights its clear strategy, focusing on providing valuable solutions to customers through investments in cloud, platform, and AI. The company is also modernizing its go-to-market approach and transforming its platform to support a broader customer ecosystem.
Recently, Autodesk reported a strong start to fiscal 2025, with a 13% year-over-year revenue increase driven by robust demand. The company remains confident in its ability to achieve targets for the year and continue to deliver shareholder value over the long term.
Looking ahead, Autodesk emphasizes its commitment to deploying capital wisely to support initiatives that drive operational efficiency and sustainable growth. The company’s performance metrics reflect steady progress towards its goals.
Autodesk’s Design and Make Platform remains a trusted tool for designers, engineers, builders, and creators worldwide. The company’s focus on innovation and customer satisfaction positions it for continued success in the market.
In conclusion, Autodesk is dedicated to driving innovation, delivering value to customers, and maximizing shareholder returns. The company’s strategic approach and strong financial performance underscore its position as a leader in the industry.
