A Cracker Barrel board member who has drawn controversy over his DEI background has resigned, the company announced Thursday. Upon announcing that shareholders voted to elect nine of the company’s 10 board nominees, including CEO Julie Felss Masino, during the annual meeting Thursday, Cracker Barrel revealed that following the vote, independent director Gilbert Dávila stepped down and the company's board will now consist of nine directors. "The Board and leadership team are honored to be trusted with the ...

Core Viewpoint - Shah Capital, the second-largest shareholder of Novavax, is urging the company's board to consider strategic changes, including a potential sale, and has indicated the possibility of initiating a proxy fight if no progress is made [1] Group 1 - Shah Capital is pressing for strategic changes at Novavax [1] - The potential sale of Novavax is being considered as part of the strategic changes [1] - A proxy fight may be launched by Shah Capital if the board does not take action [1]

Core Viewpoint - Autodesk is achieving strong business and financial results, indicating effective strategy implementation and commitment to shareholder value [1][5]. Financial Performance - FY 2025 revenue reached $6.1 billion, reflecting a 16% increase since FY 2019 and a 12% year-over-year growth [5]. - Non-GAAP operating margins improved by over 2,400 basis points since FY 2019, with expectations of an additional 200 to 300 basis points margin expansion in FY 2026 [5]. - Free cash flow increased from $1.3 billion in FY 2024 to $1.6 billion in FY 2025, marking a 22% growth, with a target of $2.075 billion to $2.175 billion for FY 2026 [5]. - The company plans to repurchase $1.1 billion to $1.2 billion of stock in FY 2026, representing a 30% to 40% increase over FY 2025 [5]. Shareholder Engagement - Autodesk has engaged with investors representing over 50% of its outstanding shares, maintaining a commitment to constructive dialogue despite challenges posed by Starboard Value LP [3][6]. - The company expressed concerns regarding Starboard's nomination approach but remains open to reviewing their nominees [4]. Strategic Initiatives - Autodesk has completed the launch of a new go-to-market approach in FY 2025 and is currently in the optimization phase, expecting continued growth and margin expansion [5].