Exclusive-Starboard nominates four to BILL Holdings board, including partner Peter Feld, sources say

Core Viewpoint - Starboard Value has nominated four directors to the board of BILL Holdings, aiming to enhance shareholder returns and unlock value for the company [1][2]. Group 1: Board Nominations - Starboard Value holds an 8.5% stake in BILL Holdings and is prepared to shake up the board to achieve its goals [1]. - Four of the company's 12 directors will stand for election at the upcoming annual meeting, with Starboard potentially nominating up to four candidates [2]. - The nominated executives bring expertise in financial technology, payments, operations, and corporate governance [2][4]. Group 2: Company Performance - Since its IPO in 2019, BILL Holdings' shares have increased by 30%, but they have declined nearly 40% this year [5]. - The company acknowledged its stock is undervalued and announced a $300 million share repurchase plan in August [5]. Group 3: Previous Engagements - Earlier this year, Starboard reached settlements with other companies, including Autodesk and Kenvue, to add independent directors to their boards [6].