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Starboard Delivers Letter to Tripadvisor
Highlights the Company’s Prolonged Underperformance and Failure to Take Decisive Action to...
About this update from Red Light Holland Corp
[{"type":"text","content":"Starboard Delivers Letter to Tripadvisor\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n Highlights the Company’s Prolonged Underperformance and Failure to Take Decisive Action to Create Shareholder Value\n \n\n\n\n Believes a Reconstituted Board is Required to Instill Sense of Urgency, Improve Operational Execution, and Execute on Value Creation Opportunities\n \n\n\n\n Believes Tripadvisor Should Explore a Sale of the Company, in One or Multiple Transactions\n \n\n\n\n Announces Intent to Nominate Majority Slate of Director Candidates for Election at the Company’s 2026 Annual Meeting\n \n\n\n\n\n Starboard Value LP (together with its affiliates, “Starboard”), a significant stockholder of Tripadvisor, Inc. (“Tripadvisor” or the “Company”) (NASDAQ: TRIP), today announced that it has delivered a letter to Greg Maffei, Tripadvisor’s Chairman of the Board of Directors, Matt Goldberg, the Company’s Chief Executive Officer, and the Board of Directors, with a copy to Mike Noonan, the Company’s Chief Financial Officer.\n \n\n The full text of Starboard's letter to the Company can be viewed\n \n here\n \n .\n \n\n\n About Starboard Value LP\n \n\n\n Starboard Value LP is an investment adviser with a focused and fundamental approach to investing in publicly traded companies. Starboard seeks to invest in deeply undervalued companies and actively engage with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.\n \n\n\n CERTAIN INFORMATION CONCERNING THE PARTICIPANTS\n \n\n\n Starboard Value LP, together with the other participants named herein (collectively, “Starboard”), intends to file a preliminary proxy statement and accompanying WHITE universal proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit votes for the election of a slate of director nominees at the 2026 annual meeting of stockholders of Tripadvisor, Inc., a Nevada corporation (the “Company”).\n \n\n STARBOARD STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVA...