Group 1 - Activist hedge fund Starboard plans to nominate new directors at Bill Holdings to seek changes after acquiring a stake in the company [3][4] - Bill Holdings announced the resignation of board member Stephen Fisher and the addition of Peter A. Feld and Lee Kirkpatrick as part of an agreement with Starboard [4] - Elliott Management has also accumulated a 5% ownership stake in Bill Holdings, indicating increased activist interest in the company [5] Group 2 - CEO René Lacerte defended the company's performance and emphasized a focus on shareholder value during an investor conference [6] - Bill Holdings will reduce its workforce by 6%, equating to approximately 140 employees, as part of a strategic decision by the executive team [8] - The company has reached an agreement with Starboard to increase its board size to 13 directors and add two new members proposed by the firm [8]