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Starboard Comments on Box ISS Report

Starboard Comments on Box ISS Report

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NEW YORK, Aug. 24, 2021 /PRNewswire/ — Starboard Value LP (together with its affiliates, “Starboard” or “we”), one of the largest stockholders of Box, Inc. (“Box” or the “Company”) (NYSE: BOX), with an ownership stake of approximately 8.6% of the Company’s outstanding shares, today commented on the report issued by Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy voting advisory firm, in connection with the Company’s upcoming 2021 Annual Meeting of Stockholders (the “Annual Meeting”).  Peter Feld, Managing Member of Starboard Value LP, responded to the ISS report, stating, “We are pleased that ISS recognizes the positive impact Starboard has had at Box since our involvement began two years ago and that many of the recent changes would likely not have occurred without our continued pressure.

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