News

March 17, 2015
Articles

Retail Campaigning: Why Mom and Pop Make a Difference in Proxy Fights NEW YORK (The Deal) — This past October, Starboard Value founder Jeffrey Smith scored a landslide victory at restaurant-chain owner Darden Restaurants (DRI – Get Report), overturning the company’s entire board. Key to that bitterly fought proxy fight was not only persuading institutional […]

March 4, 2015
Articles

Trian’s Proxy War With DuPont Revives Dormant Voting Debate By Antoine Gara, Forbes Universal proxy ballots, the inclusion of board nominees from both sides of an activist fight on a single voting card, was key in Bill Ackman’s defeat by Target in 2009 and his successful ouster of Canadian Pacific’s board a few years later. Now, […]

February 24, 2015
Articles

On Feb. 19, Okapi’s Bruce Goldfarb participated in an important roundtable discussion on proxy voting organized by the The Securities and Exchange Commission. Among the topic discussed were possible improvements to the proxy voting process, including universal proxy ballots and ways to increase retail shareholder participation in the proxy process. To access to a replay […]

December 3, 2014
Articles

Company directors “may reach a conclusion and say, ‘Wow, we are going to spend a lot of time fighting and get to a result that is nowhere near as satisfactory,’ ” said Bruce Goldfarb of Okapi Partners LLC, which advises on proxy fights. “Why get into this kind of nasty dragged-out name-calling situation?” BNY Mellon […]

November 6, 2014
Articles

Okapi Partners has gained prominence in recent years for its role in advising activist investors like Elliott Management and Starboard Value in their fights against companies like the Hess Corporation and Darden Restaurants, the parent of Olive Garden. But the firm is hiring a new senior executive to help bolster its work for corporate clients. […]

October 24, 2014
Articles

Okapi Partners CEO Explains Why Activists are Ruling the Marketplace By Karlee Weinmann in New York When Bruce Goldfarb founded proxy solicitation firm Okapi Partners LLC in 2009, the marketplace was a much different beast. Back then, widespread economic woes iced over deal-making and sapped returns from companies and their investors, leaving them little choice […]

October 23, 2014
Articles

How to Win a Proxy Fight By Laurie Havelock Earlier this month, activist investment firm Starboard Value completed its campaign to gain control of the 12-person board of Darden Restaurants, the summation of a nine-month proxy battle aimed at the company’s management. Propelled by investor dissatisfaction with the restaurant group, which famously operates the Olive […]

October 20, 2014
Articles

Will We See More Wholesale Board Changes Like Darden? By Michael Ide, ValueWalk Last week, shareholder activism showed just how far it’s come when Starboard Value LP won a decisive proxy fight against Darden Restaurants, Inc. (NYSE:DRI)’a now-former management, replacing the entire board with its own nominees. Darden’s decision to sell Red Lobster earlier this […]

October 20, 2014
Articles

Normally, activists will attempt to gain minority representation on a board by asking to replace one or more members with their own nominees. However, in this case, the relationship between shareholders and management became so strained that the activists opted to oust the entire board. The goal of the action shifted from gaining influence over […]